Northern Trust is adding to their lineup despite the market tumult, with a new member for their NETS exchange traded fund (ETF) family. NYSE Euronext has listed the NETS FTSE CNBC Global 300 Index Fund (MYG), and it is the 17th ETF from the provider.
NETS first entered the ETF arena earlier this year with a line of funds that track the major indexes of their respective countries.
MYG seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the global market, as represented by the FTSE-CNBC Global 300 Index.
The FTSE index is made up of 300 companies from around the world.