Northern Trust (Nasdaq:
The fund, which tracks the LGIM® Commodity Composite IndexTM , is designed to offer high quality, diversified exposure to commodities in a UCITS compliant ETF. The LGIM Commodity Composite Source ETF complements Sources existing range of exchange traded commodities.
We saw the need for a well-constructed commodity index, providing diversified exposure, at a reasonable cost and in a UCITS-compliant fund, said Ted Hood, CEO of Source. We partnered with Legal & General Investment Management (LGIM) to create an ETF to track this groundbreaking index, and are delighted to continue to work with Northern Trust whose specialist and proven expertise, systems and operations in the field of ETF servicing will ensure our specific requirements are met.
We are delighted to continue to provide ETF administration to Sources range of ETF solutions, and, in particular, this new fund, said Liam Butler, managing director of Northern Trust Securities Services Ireland (NTSSI). Northern Trust understands the dynamics and challenges of the European ETF market and has implemented solutions to support both primary and secondary market activities and overcome many of the challenges presented by cross-border distribution.
Northern Trusts global funds services group has been providing award winning fund administration solutions for European ETFs for more than 10 years. It administers a broad range of global assets, including equities, fixed income, real estate, infrastructure, listed private equity, regional and sector specific ETFs and can support physical, synthetic and hybrid ETF models, including both cash and in-specie dealing methodologies.
® LGIM is a registered trade mark in the UK and in the rest of the European Union in the name of Legal & General Group plc.
TM LGIM Commodity Composite Index is the subject of a pending trade mark application in the European Union in the name of Legal & General Group plc.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2011, Northern Trust had assets under custody of US$4.3 trillion, and assets under investment management of US$662.9 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com.
The Northern Trust Company, London Branch (reg. no. BR001960), Northern Trust Global Investments Limited (reg. no. 03929218) and Northern Trust Global Services Limited (reg. no. 04795756) are authorised and regulated by the Financial Services Authority.
The material within and any linked material accessed via this communication is directed to eligible counterparties and professional clients only and should not be distributed to or relied upon by retail investors. For Asia Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.
Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (
IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. For more information about this notice, see http://www.northerntrust.com/circular230.