Bringing you live news and features since 2006 

Northern Trust launches ETF on FTSE CNBC Global 300 Index

RELATED TOPICS​

Northern Trust Global Investments, the asset management arm of Northern Trust, has launched an exchange-traded fund based on the FTSE CNBC Global 300 Index.

Northern Trust Global Investments, the asset management arm of Northern Trust, has launched an exchange-traded fund based on the FTSE CNBC Global 300 Index.

The fund joins the Northern Exchange Traded Shares Tokyo Stock Exchange REIT ETF.

Northern Exchange Traded Shares are designed to provide ETF-based exposure to important markets around the world using the world’s best recognised benchmarks.

The FTSE CNBC Global 300 Index comprises the 15 largest stocks by full market capitalization from each of the 18 industry classification benchmark supersectors (using FTSE All Cap Developed Index) as well as the 30 largest stocks from the emerging markets (using FTSE Emerging All Cap Index).

Peter K Ewing, head of Northern Trust’s ETF business, says: ‘This launch is testament to Northern Trust’s commitment to forging strong partnerships with the most influential and relevant members of the global financial world and to leveraging these partnerships for product innovation and excellence. Our new specialty fund MYG is the only product of its kind to offer investors access to the FTSE CNBC Global 300.’

Mark Hoffman, president of CNBC, says: TThe FTSE CNBC Global 300 Index is an excellent way for CNBC to show broad market performance across a wide spectrum of sectors and companies in both developed and emerging markets. The Index also gives asset managers an opportunity to create new global financial products to provide to their investors.’

The CNBC FTSE 300 is the 17th Northern Exchange Traded Shares ETF to launch to date.

Latest News

Amundi’s ETF Market Flows Analysis for May finds that global ETF inflows were EUR105.1 billion with US-domiciled equity funds accounting..
MerQube has announced the appointment of Dave Mueller as Chief Financial Officer. Mueller brings 17 years experience operating in corporate..
Northern Trust Asset Management (NTAM), has announced that David Abner is joining as Head of Global ETFs and Funds...
Nvidia’s market cap surge to more than USD3 trillion making it the second most valuable company in the world almost..

Related Articles

CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by