Northern Trust is making its move into the exchange traded fund (ETF) marketplace. The Chicago banking giant filed with the SEC for 27 new ETFs that will offer focused exposure to a number of international and global markets, reports Matthew Hougan for Index Universe. The filing consists of 20 country-specific funds, four international REIT ETFs, and three global funds. They will call these funds NETS. The word is not yet out on the expense ratios or listing sites.
There are some standouts in the filing, but one in particular is a gem, the NETS Dow Jones Wilshire Global Total Market ETF. This will be the first completely global ETF, including the U.S., international developed and emerging markets exposure all in one. Keep a lookout!
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.