Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Northern Trust Taps Four Subadvisors for New Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 16, 2007

Northern Trust Taps Four Subadvisors for New Fund

Reported by Armie Margaret Lee

Northern Trust will unveil tomorrow the newest addition to its trio of multi-manager funds. The Northern Multi-Manager Large Cap Fund will bring the number of no-load mutual funds in the Northern Funds umbrella to 37.

According to an SEC filing in August, Northern Trust hired Delaware Investments, Jennison Associates, Marsico Capital Management and Metwest Capital to serve as subadvisors.

The fund, which will invest in companies that are similar in market capitalization as that of firms in the Russell 1000 Index, sports an expense ratio of 120 basis points.

The fund's rollout "ties in with the industry trend towards open architecture," said Andrew Smith, chief investment officer of Northern Trust Global Advisors, in an interview with The MFWire.

Chicago-based Northern Trust has set the investment minimum for the fund, which will be offered directly to investors and through advisors and other intermediaries, at $2,500.

Northern Trust's other multi-manager funds, launched in June of last year, now have a total of $2.1 billion of assets, Smith said.  

Correction: An earlier version of this story incorrectly stated the fund's expense ratio.

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use