Northern Goes Global

Northern Trust has added to its lineup of internationally focused ETFs by introducing the NETS FTSE CNBC Global 300 Index Fund ETF (MYG).

The new fund follows a broad basket of 300 global stocks and is calculated by the FTSE Group.

Exxon Mobil, Proctor & Gamble and Microsoft are the fund’s three largest stock holdings. Industry sectors with the largest representation within the fund are financials, energy and consumer goods.

Up until now, most of Northern Trust’s ETFs have been focused on the equity markets of single countries, or niche sectors like real estate.

The fund’s underlying index selects stocks with a passive strategy and weights each company by its market capitalization or size. All of the holdings are reconstituted annually.