Our Products / Product Solutions / GIC Options
Altamira Multi-Managed GIC (Currently not for sale)
Growth and security. Looking for potentially higher returns than what you'd get from a GIC with fixed interest rates? Consider the Altamira Multi-Managed GIC. Your return is based on a diverse range of investment markets, including stocks, bonds, cash and alternative investment markets such as currencies. The Altamira Multi-Managed GIC guarantees a bonus of 5% on your principal investment at maturity if the annual return is less than 3%, regardless of market conditions. And you benefit from the security that comes from investing in a GIC because your principal is guaranteed.
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Benefits |
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- Potential for higher returns. Your return is based on the performance of investment markets that move independently of each other, so you benefit when markets move up and down
- Potential for guaranteed bonus. You are guaranteed a bonus of 5% on your principal investment at maturity if the annual return is less than 3%, regardless of how the market performs. In exchange, because the risk is shared with you by the issuer**, 20% of any return in excess of 33.822% will be kept at maturity - a small price to pay compared to the amount paid to you should markets decline
- Security. Your principal investment is guaranteed and CDIC insured*
- Convenience. Easy to set up, manage and renew
- Available for registered needs. Eligible for RRSPs, RESPs and RRIFs
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Is this right for me? | To top
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The Altamira Multi-Managed GIC might be a good investment for your registered needs, including RRSPs, RESPs and RRIFs, if you want to participate in market growth without risking your principal investment, and you want a guarantee of a minimum return.
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How is my return calculated? | To top
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Your rate of return is based on alternative investment management strategies and a balance of cash, fixed income and equities. You have the potential to earn an unlimited rate of return, with a guarantee to earn a bonus of 5% on your principal investment at maturity, if the annual rate is less than 3%.
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Details you need to know | To top
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Registration Eligibility |
RRSP: 100% |
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RESP: 100% |
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RRIF: 100% |
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Access to funds |
Available at maturity |
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Details for Series to be issued† |
This product is not available at this time |
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Term |
5 years |
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Minimum Investment |
$500 |
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CDIC insured* |
Principal and interest |
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Suitable for |
Equity portion of investment portfolio |
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Points to consider | To top
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More earnings potential than a Fixed Rate GIC
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A guaranteed bonus of 5% on your principal investment at maturity if your annual return is less than 3%. In exchange, because the risk is shared with you by the issuer**, 20% of any return in excess of 33.822% will be kept at maturity
- Only available as a registered investment including RRSPs, RESPs and RRIFs
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How do I sign up? | To top
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It's simple...all you have to do is:
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Download an application form, request one by telephone or pick one up at the Altamira Investment Centre nearest you.
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Complete the application form and return to Altamira along with a cheque.
Need help? Contact an Altamira Advisor at 1-866-351-6925 or send us an e-mail.
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Important
†The Altamira Multi-Managed GIC is issued, managed and guaranteed by National Bank of Canada (not Altamira). Altamira obtains the GIC on your behalf as agent and will hold it in your Altamira account. Several issues of Multi-Managed GIC may be offered in the same year and features may vary for each issue. Please consult an Altamira Advisor.
*The Multi-Managed GICs offered by Altamira are issued by National Bank of Canada, which is a member of the Canada Deposit Insurance Corporation (CDIC) and therefore are eligible for deposit insurance from CDIC (subject to maximum coverage limitations as outlined in CDIC's brochure entitled "Protecting Your Deposits").
**The issuer is National Bank of Canada

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