One of three business segments of publicly traded Northern Trust NTRS, Northern Trust Asset Management is evolving. Once focused on servicing the ultra-high-net-worth and institutional clientele of the firm’s wealth-management unit, it is striving to grow its external client base. The firm has primarily done so through its Flexshares ETF lineup, which launched in 2011. Northern has eschewed the highly competitive core-index set, favoring smaller niches instead. Today, the exchange-traded fund lineup comprises $19 billion in assets under management, 33% of the firm’s total fund AUM (excluding money market funds).
Northern Trust Investments
MarketUS Open-end ex MM ex FoF ex Feeder
Total Net Assets42.33 Bil
Investment Flows (TTM)−8.61 Bil
Asset Growth Rate (TTM)−15.49%
# of Share Classes43
# of Share Classes
Morningstar Rating Overall
5-Year Category Rank
|Northern US Quality ESG I||—|
|Northern Global Sustainability Index I||12|
|Northern Active M International Equity||13|
|Northern US Quality ESG K||15|
|Northern Limited Term Tax-Exempt||17|
The Morningstar Star Rating for Funds is a purely quantitative measure of a fund's past performance, measured from one to five stars. Star ratings are calculated at the end of every month. Investments must have at least 36 continuous months of total returns to receive a rating.
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