Northern Trust Asset Management plans to convert six mutual funds into ETFs in Q1 2027
The planned conversions would shift about $33 billion in assets, including NOSIX at $19.3 billion into NTLC.
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Northern Trust Asset Management plans to convert six mutual funds to ETFs
The conversions are planned for the first quarter of 2027 and have been approved by the fund board. Northern Trust says the move is intended to meet growing client demand for ETFs and preserve the funds' investment strategies.
Northern Trust Asset Management Plans to Convert Six Mutual Funds to ETFs
Northern Trust Asset Management, a leading global investment management firm with US$1.6 trillion in assets under management as of June 30, 2026, announced plans to convert six Northern Trust mutual funds into ETFs in the first quarter of 2027.The conversions are intended to benefit shareholders wi…