Smart Money Is Moving Active—Northern Trust's US Equity ETF Eyes The Spotlight
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Northern Trust has launched the Northern Trust U.S. Equity ETF (NYSE:NOEQ), marking its entry into the competitive U.S. equity market. This actively managed ETF, debuting on March 20, offers a low fee of 12 basis points and targets mid- and large-cap U.S. stocks. It allows for investments in preferred stocks and REITs, utilizes derivatives for management, and aims to minimize taxable capital gains. This move reflects a strategic shift for Northern Trust as it seeks to compete in the growing active ETF space, traditionally dominated by passive funds.
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