Northern Trust has announced that it intends to exit the ETF business.
The 17 Northern Trust funds will stop trading on February 9 and liquidation will take place on February 20.
Launched in 2008, the Northern Trust ETFs were designed to track international, single-country benchmarks. The funds had collectively attracted a total of $33 million in assets as of December 31, 2008.
The ETFs that will close include:
NETS™ S&P/ASX 200 Index Fund (Australia) (AUS)
NETS™ BEL 20® Index Fund (Belgium) (BRU)
NETS™ Hang Seng China Enterprises Index Fund (SNO)
NETS™ CAC40® Index Fund (France) (FRC)
NETS™ DAX® Index Fund (Germany) (DAX)
NETS™ Hang Seng Index Fund (Hong Kong) (HKG)
NETS™ ISEQ 20™ Index Fund (Ireland) (IQE)
NETS™ TA-25 Index Fund (Israel) (TAV) NETS™ S&P/MIB Index Fund (Italy) (ITL)
NETS™ TOPIX® Index Fund (Japan) (TYI)
NETS™ AEX-index® Fund (The Netherlands) (AEX)
NETS™ PSI 20® Index Fund (Portugal) (LIS)
NETS™ FTSE Singapore Straits Times Index Fund (SGT)
NETS™ FTSE/JSE Top 40 Index Fund (South Africa) (JNB)
NETS™ FTSE 100 Index Fund (United Kingdom) (LDN)
NETS™ FTSE CNBC Global 300 Index Fund (MYG)
NETS™ Tokyo Stock Exchange REIT Index Fund (JRE)
See the Northern Trust ETF Directory for a complete listing.