Northern Trust Launches New ETF Tracking FTSE CNBC Global 300 Index
18 Novembre 2008 - 3:33PM
PR Newswire (US)
CHICAGO, Nov. 18 /PRNewswire-FirstCall/ -- Northern Trust Global
Investments (NTGI), the asset management arm of Northern Trust,
(NASDAQ:NTRS) today announced the launch of the NETS(TM) FTSE CNBC
Global 300 Index Fund, an exchange-traded fund based on the FTSE
CNBC Global 300 Index. The fund, which commenced trading on the
NYSE Arca Exchange today under the ticker symbol (NYSE:MYG) joins
the NETS(TM) Tokyo Stock Exchange REIT ETF as an addition to the
Specialty ETFs within the NETS product suite. NETS(TM), or Northern
Exchange Traded Shares(TM), are designed to provide ETF-based
exposure to important markets around the world using the world's
best recognized 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 NTGI's ETF business, said: "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, said: "The
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." Jerry Moskowitz,
President, FTSE Americas, said: "The FTSE CNBC Global 300 Index is
constructed using FTSE's award-winning index design skills and
transparent, rules-based methodology to provide a straightforward
and a useful tool to analyse and understand global market
performance and trends. We're pleased that Northern Trust has
selected this index as the basis for their newest specialty ETF."
The CNBC FTSE 300 is the seventeenth NETS(TM) ETF to launch to
date. Other ETFs in the NETS(TM) ETFs family include: -- NETS(TM)
AEX-index(R) Fund (The Netherlands) / Symbol: AEX -- NETS(TM)
S&P/ASX 200 Index Fund (Australia) / Symbol: AUS -- NETS(TM)
BEL 20(R) Index Fund (Belgium) / Symbol: BRU -- NETS(TM) DAX(R)
Index Fund (Germany) / Symbol: DAX -- NETS(TM) CAC40(R) Index Fund
(France) / Symbol: FRC -- NETS(TM) Hang Seng Index Fund (Hong Kong)
/ Symbol: HKG -- NETS(TM) ISEQ 20(TM) Index Fund (Ireland) /
Symbol: ISE -- NETS(TM) S&P/MIB Index Fund (Italy) / Symbol:
ITL -- NETS(TM) FTSE/JSE Top 40 Index Fund (South Africa) / Symbol:
JNB -- NETS(TM) Tokyo Stock Exchange REIT Index Fund (Japan) /
Symbol: JRE -- NETS(TM) FTSE 100 Index Fund (UK) / Symbol: LDN --
NETS(TM) PSI 20(R) Index Fund (Portugal) / Symbol: LIS -- NETS(TM)
FTSE Singapore Straits Times Index Fund / Symbol: SGT -- NETS(TM)
Hang Seng China Enterprises Index Fund / Symbol: SNO -- NETS(TM)
TA-25 Index Fund (Israel) / Symbol: TAV -- NETS(TM) TOPIX(R) Index
Fund (Japan) / Symbol: TYI NETS(TM), like many other ETFs, offer
certain advantages over mutual funds, including lower expense
ratios, higher liquidity (in the form of intraday trading and
pricing), reduced portfolio turnover and the ability to sell ETF
shares short. NETS(TM), which are available to both institutional
and individual investors alike, may be purchased via U.S. brokerage
accounts and through registered investment advisors (RIAs). (ETFs
are subject to trading expenses which may affect the expense
benefits depending on the frequency of trades.) For more
information: http://www.netsetfs.com/. Before investing you should
carefully consider the NETS(TM) Funds' investment objectives,
risks, charges and expenses. This and other information is in the
prospectus, a copy of which may be obtained by visiting the Funds'
website at http://www.netsetfs.com/. Please read the prospectus
carefully before you invest. Foreside Fund Services, LLC,
distributor. An investment in NETS(TM) Funds is subject to
investment risk, including the possible loss of principal amount
invested. Fund returns may not match the return of their respective
index, known as non-correlation risk, due to operating expenses
incurred by each Fund and other factors. NETS(TM) Funds may invest
in foreign or emerging market securities, which involve certain
risks and increased volatility not associated with investing solely
in U.S. securities. These risks include currency fluctuations,
economic or financial instability, and lack of timely or reliable
financial information. NETS(TM) Funds may also invest in small- and
medium-sized companies, which involves greater risk than is
customarily associated with investing in more established
companies. NETS(TM) Funds are non-diversified, which means that
each Fund may invest most of its assets in securities issued by or
representing a small number of companies. Please refer to the
prospectus for a complete description of the Funds' risks. Past
performance is no guarantee of future results. Index performance
returns do not reflect any management fees, transaction costs or
expenses. It is not possible to invest directly in any index. There
are risks involved in investing including possible loss of
principal. There is no guarantee that the investment objectives of
any fund or strategy will be met. Risk controls and models do not
promise any level of performance or guarantee against loss of
principal. One cannot invest directly in an index or average.
Northern Trust Global Investments comprises Northern Trust
Investments, N.A., Northern Trust Global Investments Ltd., Northern
Trust Global Investments Japan, K.K., the investment adviser
division of The Northern Trust Company and Northern Trust Global
Advisors, Inc. and its subsidiaries to offer investment products
and services to personal and institutional markets. About Northern
Trust Northern Trust Corporation (NASDAQ:NTRS) is a leading
provider of investment management, asset and fund administration,
fiduciary and banking solutions for corporations, institutions and
affluent individuals worldwide. Northern Trust, a financial holding
company based in Chicago, has a growing network of 85 offices in 18
U.S. states and has international offices in 15 locations in North
America, Europe, the Middle East and the Asia-Pacific region. As of
September 30, 2008, Northern Trust had assets under custody of
US$3.5 trillion, and assets under investment management of US$652.4
billion. Northern Trust, founded in 1889, has earned distinction as
an industry leader in combining exceptional service and expertise
with innovative products and technology. For more information,
visit http://www.northerntrust.com/. Northern Trust Global
Investments (NTGI) is the trading name for the asset management
activities of the entities that belong to the Northern Trust
Corporation, a holding company based in Chicago. NTGI offers a full
array of active, passive and enhanced products, as well as
manager-of-managers programs for alternative and long-only
investments. NTGI comprises The Northern Trust Company, Northern
Trust Investments, N.A., Northern Trust Global Investments Limited,
Northern Trust Global Investments Japan, K.K., and Northern Trust
Global Advisors, Inc. and its subsidiaries. NTGIL and NTGAL are
United Kingdom entities which are authorized and regulated in the
United Kingdom by the Financial Services Authority. The Northern
Trust Company (http://www.northerntrust.com/) is the principal
subsidiary of Northern Trust Corporation (NASDAQ:NTRS). CONTACT:
Press, Marisha Mistry of Edelman, for Northern Trust,
+1-212-704-4592, ; or NETS(TM) Investor Inquiries, +1-866-928-NETS,
DATASOURCE: Northern Trust Corporation CONTACT: Press, Marisha
Mistry of Edelman, for Northern Trust, +1-212-704-4592, ; or
NETS(TM) Investor Inquiries, +1-866-928-NETS, Web Site:
http://www.netsetfs.com/ http://www.northerntrust.com/
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