Northern Trust looks to be jumping back into the ETF industry with a new suite of products, shortly after dissolving their old fund family. Luisa Beltran for Ignites reports that Chicago-based Northern Trust is seeking to offer equity or fixed-income ETFs as well as funds that are a blend of equities and fixed-income securities. [The Latest Twist on New ETFs.]
No details on expense ratios are available. In 2008, the provider launched an ETF family, or NETS, a line of mostly single-country ETFs that invested in indexes such as the Nikkei of Japan or Germany’s DAX. The funds closed in February 2009 as a result of challenged markets. [Muni Bond ETFs With an End Date.]
Meanwhile, Emerging Global Advisors, a New York-based research and asset management firm specializing in emerging markets, plans to launch the EG Shares Indxx India Infrastructure Index Fund (NYSEArca: INXX) within the next couple of weeks. Indira Kannan for Business Standard reports that the new ETF will have a portfolio of 30 companies involved in India’s infrastructure sector, from copper and cement companies to those providing transportation and movement of capital goods. This new ETF will be the first theme-specific ETF to track India’s economy.
For more stories about new ETFs, visit our New ETF category.