Northern Trust Global Investments is getting into the ETF business. The company launched two ETFs on the American Stock Exchange Wednesday under the brand name "NETS."
A spokeswoman for Northern Trust declined to comment, pending the launch of additional Northern trust ETFs on the NYSE next Wednesday.
Heading up Northern Trust's ETF group will be Peter Ewing, senior vice president and managing director.
Company Press Release
New York, April 9, 2008 – The American Stock Exchange® (Amex®) today announced that it launched trading in two new exchange traded funds (ETFs) by Northern Trust Global Investments (Northern Trust). The new products, branded NETS™, mark Northern Trust’s first foray into the ETF marketplace.
The two new NETS™ ETFs are:
NETS™ S&P/ASX 200 Index Fund (Australia) (Amex: AUS)—AUS aims to track the price and yield performance of publicly traded securities in the aggregate in the Australian market, as measured by the S&P/ASX 200 Index. The Index is a float-adjusted, market capitalization-weighted index consisting of the largest 200 stocks listed on the Australian Stock Exchange.
NETS™ FTSE 100 Index Fund (United Kingdom) (Amex: LDN)—LDN aims to track the price and yield performance of publicly-traded securities in the aggregate in the British market, as represented by the FTSE 100 Index. The Index is a free float adjusted, market capitalization-weighted index, consisting of stocks of the largest 100 companies traded primarily on the London Stock Exchange.
“The Amex is proud to support Northern Trust in bringing their first family of funds into the ETF marketplace,” said Scott Ebner, Senior Vice President of the Amex ETF Marketplace. “These NETS ETFs are linked to established and globally-recognized indexes.”
Kellogg Capital Group, LLC is the specialist for AUS and LDN.
About the American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 387 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.
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