Northern Trust Global Investments (NTGI), the asset management arm of Northern Trust, launches 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 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 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).
The advantages of NETS(TM) like many other ETFs include 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).
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) 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. 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.
“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,” says Peter K. Ewing, head of NTGI’s ETF business. “Our new specialty fund MYG is the only product of its kind to offer investors access to the FTSE CNBC Global 300.”
L.D.