Active ETF Filings: Northern Trust Joins The Crowd
Northern Trust, the one-time issuer that began making plans for a second run at the ETF industry last year, has joined the crowd of major financial institutions seeking approval to launch actively-managed ETFs. In a recent SEC filing, Northern Trust requested permission “to create and operate an actively-managed series of the Trust…that offers exchange-traded shares.” The filing cast a wide net, noting that proposed funds could invest in foreign and domestic stocks and bonds. Round Two Northern Trust’s first run in the ETF space was unsuccessful–and quite brief. The company launched 17 ETFs in the spring of 2008, including funds focusing on the economies of Ireland, Israel, Germany, France, and South Africa. About eight months after launch, in early 2009, Northern Trust announced that it was pulling the plug on its infant ETF business. “The Board considered current market conditions, the inability of the Funds to attract significant market interest [...] Click here to read the original article on ETFdb.com. Related Posts: 11 Rapid Fire ETF Ideas For 2011 Tuesday’s ETF To Watch: iShares Israel ETF (EIS) Five Ultra-Concentrated ETFs Israel, Turkey ETFs In Focus As Another Showdown Looms Israel ETF (EIS) In Focus As Tensions Flare
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