Northern Trust files to convert six mutual funds into ETFs
Bloomberg reports a $33 billion plan that Northern Trust Asset Management says would be the largest such conversion in industry history.
TLDR
Northern Trust Asset Management has filed regulatory paperwork to turn six mutual funds into exchange-traded funds, Bloomberg reports. Bloomberg puts the proposed conversion at $33 billion and cites the firm's claim that it would be the largest such move in industry history.
Northern Trust files to convert six mutual funds into ETFs
Bloomberg reports a $33 billion plan that Northern Trust Asset Management says would be the largest such conversion in industry history.
TLDR
Northern Trust Asset Management has filed regulatory paperwork to turn six mutual funds into exchange-traded funds, Bloomberg reports. Bloomberg puts the proposed conversion at $33 billion and cites the firm's claim that it would be the largest such move in industry history.