Northern Trust is set to convert $33 billion from mutual funds into ETFs, the largest such move on record, according to Bloomberg Intelligence’s Eric Balchunas. The switch would instantly double its ETF assets and underscores rising demand for conversions.
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Northern Trust is set to convert $33 billion from mutual funds into ETFs, the largest such move on record, according to Bloomberg Intelligence’s Eric Balchunas. The switch would instantly double its ETF assets and underscores rising demand for conversions.
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