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Family‐controlled firms are a crucial pillar of the global economy, accounting for about 80% of companies worldwide. Contrary to conventional wisdom, the larger public family firms have continued to thrive despite the rise of widely‐held public corporations run by professional managers. They currently represent close to a fifth of the companies in the Fortune Global 500. Moreover, the evidence indicates that large family‐controlled businesses returns have on average outperformed widely‐held companies in many countries.

NBC demonstrates that this is also the case in Canada through the NBC Canadian Family Index (TSX: NBCFAM / NBCFAMTR), which tracks the performance of large cap family-controlled companies listed on the Toronto Stock Exchange. National Bank Investments also offers an investment product replicating the NBC Canadian Family Index, the NBI Canadian Family Business ETF NFAM (TSX: NFAM). Finally, NBC also publishes thematic reports on The Family Advantage featuring an overview of family-controlled businesses in Canada, the evolution of the NBC Canadian Family Index, as well as interviews with business leaders responsible for the success of some of Canada’s key family-controlled businesses.


Family Advantage — Research Reports
— The NBC Family Advantage Report (Oct. 2020)
— The NBC Family Advantage Report (Sept. 2018)
— The NBC Family Advantage Report  (Oct. 2015)

Press Releases
— National Bank of Canada unveils The Family Advantage Fall 2020 Report (Oct. 2020)
— National Bank Investments Launches Initial Suite of Four Exchange-Traded Funds (Feb. 2019)
— Canadian family-controlled public companies sustainably outperform their widely-held peers (Sept. 2018)
— Landmark NBC Canadian Family Index Launch (Jul. 2017)
— National Bank of Canada unveils a study on Canadian family-controlled public companies (Oct. 2015)

Related News
— La Presse — Quand le succès passe par une vision à long terme [in French] (Oct. 2020)
— The Globe and Mail — Major family-controlled companies outperform widely held corporations and are led by more women (Oct. 2020)
— Forbes — 3 Key Takeaways From Women Leading Large Family Businesses In Canada (Oct. 2020)
— Morningstar — “L'attrait des entreprises familiales” [in French] (Oct. 2018)
— La Presse — “Rapport de la Banque Nationale - Serge Godin défend les actions à vote multiple” [in French] (Sept. 2018)
— The Globe and Mail — “ Canada’s family firms continue to outperform widely held corporations” (Sept. 2018)
— Financial Post — “Canada's family-controlled businesses like Bombardier, Loblaw outperform TSX index: study” (Sept. 2018)
— BNN Bloomberg — “Canadian family-operated businesses outperform TSX index: Study” (Sept. 2018)
— La Presse — “L’Avantage familial : un rendement supérieur” [in French]  (Oct. 2015)
— The Globe and Mail — “Family-controlled firms post higher returns, study finds”  (Oct. 2015)

NBC Canadian Family Index — Documentation
— Index Methodology  
— Index Committee Guidelines 

NBC Canadian Family Index — External Links
— NBC Canadian Family Index — S&P Dow Jones Indices Custom Indices web page
— NBC Canadian Family Index — Index Performance
— NBC Canadian Family Index — Total Return CAD Index 

NBI Canadian Family Business ETF
— NBI Canadian Family Business ETF (TSX: NFAM) tracking the NBC Canadian Family Index