Northern Trust (Nasdaq: NTRS) has collaborated with Dutch bank, ABN AMRO, to launch a range of Dutch-domiciled passive funds for its private and retail banking clients.
“We are pleased to collaborate with Northern Trust to offer this attractive fund range to our clients,” says Alen Zeljkovic, global head of products and solutions at ABN AMRO Private Banking International. “We undertook diligent research into providers of passive funds and Northern Trust offered a market-leading solution tailored to our clients’ demands.”
“In today’s environment of low interest rates, we see investors looking for income-producing stable investment opportunities,” said Wayne Bowers, chief executive officer for Northern Trust Asset Management in Europe, Middle East, Africa and Asia-Pacific. “The combination of the Dutch domicile of the funds and our long track-record in passive investing, enable investors at ABN AMRO to enjoy attractive benefits.”
Northern Trust’s FGR passive indexing fund family comprises the following:
• Northern Trust Europe Equity Index UCITS FGR Fund: This fund aims to closely match the risk and return of the MSCI Europe Index and is suitable for investors seeking diversified equity exposure in Europe.
• Northern Trust North America Equity Index UCITS FGR Fund: For investors seeking diversified equity exposure in North America, this fund aims to closely match the risk and return of the MSCI North America Index.
• Northern Trust Developed Real Estate Index UCITS FGR Fund: Aiming to closely match the risk and return of the FTSE EPRA/NAREIT Developed Index, this fund offers diversified listed real estate equity exposure in developed markets across North America, Europe and Asia.
“Northern Trust is a pioneer in the field of indexing and is uniquely positioned to offer this solution to the Dutch market,” says Nick Dymond, head of International Equity Index at Northern Trust Asset Management. “Our unique Intelligent Indexing® approach is a disciplined, transparent investment process combining strategic market insights and sophisticated analysis to produce consistent and efficient market exposure for our clients.”