The information herein is not intended for private clients or other individuals and such individuals should not rely upon it.
By accessing these pages, you agree to be bound by the terms and conditions set out below. Before proceeding, you should carefully read these terms and conditions.
International Legal Information
Please read this important legal information before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which our funds are authorised for sale. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.
Please note that when you confirm you have read this important information we will place a cookie on your computer to recognise you and prevent this page reappearing should you access this site on future occasions. The cookie will expire after six months or sooner should there be a change to this important information.
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By confirming that you have read this important information, you also:
Agree that such information will apply to any subsequent access to the Asset Management section of this website by you, and that all such subsequent access will be subject to the disclaimers, risk warnings and other information set out herein; and
Warrant that no other person will access the Asset Management section of this website from the same computer and logon as you are currently using.
The funds described in the following pages are administered and managed by companies within the Northern Trust Group (“Northern Trust”) and can be marketed in certain jurisdictions only. It is your responsibility to be aware of the applicable laws and regulations of your country of residence. Further information is available in the Prospectus or other constitutional document for each fund.
The contents of this site have been prepared solely for informational purposes. None of the information contained in this site constitutes an offer to buy or sell or is a solicitation to buy or sell any security, product, service or investment, nor does any opinion expressed on this site constitute a recommendation or investment advice.
The funds described are not available for distribution to or investment by US investors. The shares will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and may not be directly or indirectly offered or sold in the USA or any of its territories or possessions or areas subject to its jurisdiction or to or for the benefit of a US Person. By accessing this part of the site you confirm that you are not a "US Person" (within the meaning of Regulation S under the Securities Act) and are located outside the US.
The following describes important information about Northern Trust's Irish-domiciled funds (the "Irish Funds") and should be read carefully before investing. If you have questions or concerns about the contents of the Prospectus of an Irish Fund or the suitability of an investment for your particular situation you should consult your bank manager, solicitor, accountant or other financial adviser.
The Irish Funds have been authorised by the Central Bank of Ireland (the “Central Bank”) as Undertakings for Collective Investment in Transferable Securities. This authorisation however, does not constitute a warranty by the Central Bank as to the performance of the Irish Funds and the Central Bank shall not be liable for the performance or default of an Irish Fund. Authorisation of an Irish Fund is not an endorsement or guarantee of the Irish Fund by the Central Bank nor is the Central Bank responsible for the contents of this website.
Potential subscribers and purchasers of shares in an Irish Fund should inform themselves as to (a) the possible tax consequences, (b) the legal requirements, (c) any foreign exchange restrictions or exchange control requirements, and (d) any other requisite governmental regulatory or other consents or formalities which they might encounter under the laws of the countries of their incorporation, citizenship, residence or domicile and which might be relevant to the subscription, purchase, holding or disposal of such shares.
The distribution of the Prospectus of each Irish Fund and the offering or purchase of its shares may be restricted in certain jurisdictions. No person receiving a copy of the Prospectus or subscription form of an Irish Fund in any such jurisdiction may treat the Prospectus or the subscription form as constituting an invitation to that person to subscribe for shares, nor should that person in any event use the subscription form, unless in the relevant jurisdiction such an invitation could lawfully be made to that person and the subscription form could lawfully be used without requiring compliance with any registration or other legal obligations. Accordingly, the Prospectus of an Irish Fund does not constitute an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not lawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.
The Central Bank has neither reviewed nor in any way commented upon the fund documentation of Northern Trust's non-Irish-domiciled funds. No public offer is made of such funds within the meaning of applicable Irish law. The documentation of such funds has not been prepared in accordance with the laws of Ireland. The documents have not been reviewed, approved or authorised by any regulatory authority or exchange in Ireland and therefore may not contain all the information required where a document is prepared pursuant to applicable Irish laws.
The Irish Funds are unregulated collective investment schemes for the purposes of the UK Financial Services & Markets Act 2000. As such, the information contained in the following pages with respect to these funds is only directed at persons qualifying as investment professionals under Article 14 of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001, persons qualifying as high net worth persons under Article 22 of that Order, persons described in and in circumstances permitted by the rules of the UK Financial Services Authority or to any other person to whom the information may otherwise lawfully be communicated. Persons who do not have experience of participating in unregulated collective investment schemes should not rely upon the information contained herein.
The Irish Funds have not been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen), pursuant to Chapter 1 Section 7 of the Swedish Investment Funds Act 2004 (Sw. lag (2004:46) om investeringsfonder). Accordingly, the Irish Funds may not be marketed or sold in Sweden for the purposes of the Investment Funds Act and applications to subscribe or redeem Shares in the Irish Funds will only be considered if sent directly to the Irish Funds outside Sweden.
The Irish Funds are not available for distribution through this web-site to any type of investors in the Netherlands.
Applications to invest in any fund referred to on this site, must only be made on the basis of the offer document relating to the specific investment (e.g. Prospectus or other applicable terms and conditions). Our products and services are subject to the terms and conditions and disclaimers of the applicable agreement governing their use.
As a result of money laundering regulations, additional documentation for identification purposes may be required when you make your investment. Details are contained in the relevant Application Form, Prospectus or other constitutional document.
Northern Trust has not considered the suitability and appropriateness of any investment you may make with us in the context of your personal circumstances. If you are unsure about the meaning of any information provided please consult your financial or other professional adviser.
The information contained on this site is subject to copyright with all rights reserved. It must not be reproduced, copied or redistributed in whole or in part.
Where a claim is brought against Northern Trust by a third party in relation to your use of this website, you hereby agree to fully reimburse Northern Trust for all losses, costs, actions, proceedings, claims, damages, expenses (including reasonable legal costs and expenses), or liabilities, whatsoever suffered or incurred directly by Northern Trust as a consequence of your improper use of this website.
Past performance is no guarantee of future performance.
The value of investments and the income from them may go down as well as up and are not guaranteed. You may not get back the amount you invested.
Rates of exchange may cause the value of the investments to go up or down.
Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially.
For your protection, telephone calls are usually recorded.
The views expressed herein do not necessarily reflect the views of Northern Trust as a whole or any part thereof, nor do they constitute investment or any other advice.
This site is operated and issued by the Northern Trust Company which is authorised and regulated by the Financial Services Authority (Register number 122020). You can gain access to the FSA's rules and guidance notes from the following link: www.fsa.gov.uk. Northern Trust Global Investments Limited is a company registered in England, No. 3929218. Registered Office: 50 Bank Street, London, E14 5NT.
Northern Trust is an experienced securities lending industry leader and strongly differentiates ourselves in the marketplace in each of these areas:
A Core Business
Northern Trust has over 30 years of experience of providing superior securities lending services and we remain fully committed to the business and the satisfaction of our clients.
Northern Trust has a stable and experienced team dedicated to securities lending. Our securities lending senior managers are focused on developing unique solutions for our clients and are active participants in industry associations in an effort to help guide program and industry development.
Senior management at Northern Trust understands securities lending and is involved in overall business strategy. As a result, our securities lending program receives robust capital support, allowing us to continuously invest in our business and our clients.
Exceptional Capital Strength
Northern Trust possesses the financial strength and stability to be a premier and dependable partner for our clients. We have proven success through years of business cycles.
Sophisticated investors recognize the importance of partnering with a stable and disciplined lending agent, and discerning investors recognize that indemnification is only as strong as the lending agent offering the protection.
Our strong capital base empowers us to continually invest in our securities lending business and our clients.
Unique Global Integration
Northern Trust provides market expertise through a single global team of professionals. We have an experienced and stable team leading our program — a key benefit to our clients.
We achieve efficiency in technology through our single, global proprietary trading platform. Organic growth enables us to develop and evolve our trading platform, allowing us to quickly capitalize on trades that others cannot. Our efficient technology and market expertise make us a more attractive partner for the global borrower community, allowing us to lend more of our clients' securities.
Northern Trust's competitive advantage is gained via a distinctive global infrastructure. Our global presence and single system enable us to optimally connect our clients' supply with borrower demand around the world at all times.
Proven Performance Results
Northern Trust is a single provider offering multiple routes to market, expertise in all forms of collateral and ongoing expansion into new markets. We have over 30 years of experience of innovative solutions supported by robust risk management.
Our experienced team of trading professionals are focused on optimizing the intrinsic value of client assets through the use of advanced technology and automation, and auction and exclusive capabilities. Our traders understand the value of each loan and negotiate with borrowers to achieve the maximum benefit for clients.
Our performance record is strong, with Northern Trust consistently exceeding industry composite benchmarks.
Intense Focus on Client Satisfaction
Our dedicated team of securities lending professionals consistently demonstrates our corporate culture of exceptional client service. Our team acts with the highest degree of ethics and honesty, and develops relationships based on trust and reliability. We believe in being relationship focused, not transaction oriented. We provide a consultative approach by delivering day to day strategic support and offering access to senior management, trading and cash management professionals.
Northern Trust anticipates client needs and proactively customizes solutions to fulfill them by hiring and supporting talented professionals and focusing on learning and development. Furthermore, we listen, understand, and respond to feedback to deliver tailored solutions for our clients.
Sunil Daswani is a Senior Vice President and is responsible for the relationship management team for all of Northern Trust's global clients (ex North America) who participate in Securities lending. He also leads the sales efforts for any new clients interested in Northern Trust's Securities Lending capabilities and may be interested in participating in our lending programme.
Sunil previously acted as Director and Regional Manager for Securities Lending, Asia for Northern Trust Global Investments based in Hong Kong. There he was responsible for addressing and evaluating securities lending initiatives for lenders and borrowers where Northern Trust acted as an agent lender. Sunil additionally focused on building the supply of Asian assets for Northern Trust global securities lending program ensuring that the due diligence was carried out when lending its clients assets in each jurisdiction. Sunil was also the Chairman of the Pan Asia Securities Lending Association (PASLA), from 2005 through 2008.
Prior to this position, Sunil was a Global Custody product manager at Citigroup.
Sunil holds a BSc. (Economics) in Accounting & Finance from the London School of Economics (1993).
This material is directed to eligible counterparties and professional clients only and should not be relied upon by retail investors. It is issued by Northern Trust Global Investments Limited, authorised and regulated by the Financial Services Authority in the United Kingdom. Registered office: 50 Bank Street, Canary Wharf, London E14 5NT, registered in England 03929218.