Posts for Ticker ‘IQE’

Another Group of ETF’s Bite The Dust (NTRS, AUS, BRU, SNO, FRC, DAX, HKG, IQE, TAV, ITL, TYI, AEX, LIS, SGT, JNB, LDN, MYG, JRE)

Burning_money_pic_4Northern Trust Corp. (NASDAQ: NTRS) has announced today that the group plans to close the Northern Exchange Traded Shares (NETS) used to track single country investments on February 20, 2009.  These funds were launched just last year and the press release said that these had only approximately $33 million in assets.  You can imagine the reasoning.  Market conditions, inability to raise funds or significant interest….

The following NETS trade on NYSE Arca, and February 9, 2009 will be the last trading day of these funds:

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Posted on: January 27, 2009 – 2:19 pm in ETF, Financial Stocks, , , , , , , , , , , , , , , , , ,

Finally, An ETF For Ireland & The Irish Americans (NTRS, IQE)

Northern Trust Corp. (NASDAQ: NTRS) has announced that its Global Investments asset management arm of Northern Trust, has launched the first U.S. listed ETF tracking the ISEQ 20(TM) Index.  This is the leading investment benchmark index for investing in Irish companies.

NETS(TM) ISEQ 20(TM) Index Fund (Ireland) is now traded on the NYSE Arca under the ticker "IQE" and this allows US investors for the first time to invest in an ETF tracking the 20 Irish securities comprising the index.

The move is said to be the latest in a series of fifteen NETS(TM) ETF products launched by Northern Trust, designed to give investors exposure to some of the world’s best-recognized international equity markets via shares traded on U.S. exchanges.

So far this one has seen hardly a notice of its existence as it traded only 300 shares today as of 3:30 PM EST.  It may take a while for this one to get going, but it is very difficult for US investors to know what they are buying into when they try to invest in Ireland.

Jon C. Ogg
June 19, 2008

Posted on: June 19, 2008 – 2:37 pm in ETF, ,