Northern Trust Global Investments is the latest company to enter the ETF field. The Chicago-based company has introduced a lineup of eight foreign-equity ETFs. The funds will track established global stock market benchmarks.
Nine of the funds will focus on developed international stock markets, like Germany, Japan and the United Kingdom. Three funds will be centered on emerging-markets stocks in China, Singapore, and South Africa.
"The Amex is proud to support Northern Trust in bringing their first family of funds into the ETF marketplace," says Scott Ebner, senior vice president of the Amex ETF Marketplace. "These NETS ETFs are linked to established and globally-recognized indexes."
The NETS country ETFs will charge expense ratios that range from 0.47 to 0.65 percent: o NETS AEX-Index Fund (The Netherlands) (AEX) o NETS BEL 20 Index Fund (Belgium) (BRU) o NETS Hang Seng Index Fund (Hong Kong) (HKG) o NETS S&P/MIB Index Fund (Italy) (ITL) o NETS FTSE/JSE Top 40 Index Fund (South Africa) (JNB) o NETS FTSE Singapore Straits Times Index Fund (SGT) o NETS Hang Seng China Enterprises Index Fund (SNO) o NETS TOPIX Index Fund (Japan) (TYI)
Ron DeLegge is the San Diego-based editor of www.etfguide.com.