Northern Trust Asset Management plans to convert six mutual funds into ETFs in Q1 2027
NTRS•Northern Trust Asset Management plans to convert six mutual funds representing about $33 billion in assets into ETFs in Q1 2027. The conversions include the $19.3 billion NOSIX fund, which will become NTLC, tied to the MSCI US 500.
1. Planned fund conversions
Northern Trust Asset Management plans to convert six mutual funds into ETFs in Q1 2027, shifting about $33 billion in assets. The flagship conversion is NOSIX, with $19.3 billion in assets, into NTLC, tied to the MSCI US 500.
2. ETF assets and rationale
The firm says the move targets tax efficiency, intraday trading and portfolio transparency, aligning with rising ETF demand from investors and advisers. Northern Trust Asset Management had $1.6 trillion in assets under management as of June 30, 2026, including $27 billion in ETF assets.
