Macro Finance
Northern Trust Joins ETF Conversion Boom With $33 Billion Move
Bloomberg Markets·September 25, 2026·1 min read
Northern Trust Asset Management filed regulatory paperwork to convert six mutual funds into exchange-traded funds, a move the firm says would be the largest such conversion in industry history. The $33 billion transition reflects the growing trend of fund conversions as asset managers respond to investor demand for ETFs.
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