Northern Trust Global Investments Launches Global Emerging Markets Index Fund
26/11/2007 11:09
PR Newswire
LONDON, November 26 /PRNewswire/ --
Northern Trust Global Investments Limited ("NTGIL"), the
international investment management arm of Northern Trust, has launched the
Global Emerging Markets Index Fund ("the Fund"), to meet demand from
institutional investors seeking to achieve net returns that are in line with
the return on the equity markets of the world's emerging markets. The Fund
has been set up as a Variable Capital Company and extends NTGIL's existing
range of Dublin-domiciled, UCITS III qualifying, pooled, quantitative funds
available to non-U.S. investors.
"Emerging market stocks provide investors with some of the best
long-term return prospects in the world. We are seeing increasing demand from
investors, some who have not previously allocated assets to emerging markets,
for funds that will enable them to do so in a risk-controlled way. Using an
index fund can be a highly effective way for many investors to access
emerging markets for the first time, and, equally, can be used in conjunction
with active investment strategies," said Jason Toussaint, Senior Quantitative
Strategist at NTGIL.
The Fund takes the MSCI Emerging Markets Index as its benchmark
and will be managed using NTGI's proprietary 'Intelligent Indexing' process
which uses unique optimisation and trading strategies to add value beyond
traditional index investment techniques.
"NTGIL and its affiliates have been managing emerging markets
index assets since 1998 and we currently have more than US $5 billion in
emerging markets quantitative assets under management. Our team of investment
professionals has over 50 years of combined experience, with the needed
expertise to understand and navigate the challenges and complexities of
emerging stock markets," said Steven Schoenfeld, Chief Investment Officer of
the Quantitative Management group at NTGI. "We have designed the Global
Emerging Markets Index Fund as a diversified and efficient vehicle to provide
non-U.S. investors with the potential to increase returns and lower their
aggregate portfolio risk in this dynamic asset category," added Mr.
Schoenfeld.
As the Fund is pooled, smaller and medium sized investors can
benefit from increased cost efficiency compared to the cost of a segregated
account.
The initial minimum investment is US $500,000, or currency
equivalent and share classes in GBP, Euro and USD are available.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of investment management, asset and fund administration, fiduciary and
banking solutions for corporations, institutions and affluent individuals
worldwide. Northern Trust, a multibank holding company based in Chicago, has
a growing network of 85 offices in 18 U.S. states and has international
offices in 13 locations in North America, Europe and the Asia-Pacific region.
As of September 30, 2007, Northern Trust had assets under custody of US$4.1
trillion, and assets under investment management of US$761.4 billion.
Northern Trust, founded in 1889, has earned distinction as an industry leader
in combining high-touch service and expertise with innovative products and
technology. For more information, visit http://www.northerntrust.com.
About Northern Trust Global Investments
Northern Trust Global Investments (NTGI) is a global,
multi-asset class investment manager serving institutional and personal
clients worldwide. With around US$761.4 billion in assets under management
worldwide, as of 30th September 2007, NTGI offers a full array of active,
passive and enhanced products, as well as manager-of-managers programmes for
alternative and long-only investments. NTGI is one of the world's largest and
fastest growing investment managers. NTGI brings together the resources of
The Northern Trust Company, Northern Trust Investments, N.A., Northern Trust
Global Investments Limited, Northern Trust Global Investments Japan, K.K.,
and Northern Trust Global Advisors, Inc. and its subsidiaries. The Northern
Trust Company (http://www.northerntrust.com) is the principal subsidiary of
Northern Trust Corporation (Nasdaq: NTRS).
About Northern Trust Global Investments Limited
For legal and technical reasons, outside the United States,
Northern Trust's asset management business is described as follows:
-- Northern Trust Global Investments Limited ("NTGIL") is the
London-based subsidiary that carries out Northern Trust's non-US
based asset management activities.
-- Northern Trust Global Advisors Limited ("NTGAL") refers
specifically to Northern Trust's manager-of-managers business.
-- NTGIL together with its sister company, NTGAL, are leading
providers of active, quantitative and manager-of-managers investment
solutions to pension schemes and other institutions in the UK,
Europe, Middle East and Asia.
-- NTGIL also provides investment services in Securities Lending
and Transition Management, which complement Northern Trust's Global
Custody and Fund Administration businesses.
NTGIL and NTGAL are authorised and regulated in the United
Kingdom by the Financial Services Authority.
Where Northern Trust's UK entities undertake regulated business
then they are authorised and regulated in the United Kingdom by the Financial
Services Authority.
Web site: http://www.northerntrust.com
EMEA & Asia Pacific Contacts, Sara Murshed, +44-(0)-20-7982-2249, sm136@ntrs.com, or Camilla Greene, +44-(0)-20-7982-2176, cg81@ntrs.com, or US & Canada Contacts, John O'Connell, +1-312-444-2388, jo45@ntrs.com, or Alexis Geocaris, +1-312-444-3094, ag92@ntrs.com, all of Northern Trust Global Investments Limited