Northern Trust Global Investments (NTGI), the asset management arm of Northern Trust, announces zero 2008 year-end capital gains distributions for the 16 NETS(TM) ETFs launched before the fiscal year end.
NETS(TM), or Northern Exchange Traded Shares(TM), are designed to provide ETF-based exposure to important markets around the world using the international benchmarks. The package of products comprises 17 ETFs in total, following the latest launch of the FTSE CNBC Global 300 Index on18 November. This ETF was launched after excise tax year-end so is not considered for 2008 tax purposes.
NETS(TM) ETFs are investment product, and like many ETFs can be an effective component to a well-rounded investment portfolio. They offer 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).
In this current economic environment, we urge our clients – and investors everywhere – to think very carefully about tax planning and their investment outlooks for 2009, says Peter K. Ewing, head of ETF business, NTGI. Implementing smart tax planning strategies can prove highly advantageous to the average investor, and ETFs are a very useful tool for effectively lowering your overall tax burden.
L.D.