National participation

National Bank Financial in Canada hopes a new generation of exchange-traded funds, which break new ground in the way the products work, will prove as popular as leveraged ETFs and propel the bank to another successful year

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National Bank Financial, one of the biggest distributors and market makers in the C$20 billion Canadian exchange-traded fund (ETF) space, has seen phenomenal interest in leveraged ETFs, which give investors 200% participation in an underlying index.

"This is a really great story," says Hamid Omoumi, managing director at National Bank Financial. "We have seen both institutional and retail demand. We have worked hard with our Horizon BetaPro product over the past two years marketing to both

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