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Northern Global Tactical Asset Allocation allows individual investors
By Tali David
Minneapolis, Oct. 25 - Northern Trust Corp. announced that it has opened its Northern Global Tactical Asset Allocation Fund to individual investors.
The fund of funds seeks to provide long-term capital appreciation and current income, according to a release.
It is designed for long-term investors seeking diversification among various traditional and alternative asset classes, including domestic and international stocks; investment-grade and high-yield bonds; real assets such as natural resources, gold and global real estate; and cash.
Net expenses are 0.68%. Northern Trust described it as "competitively price".
"This fund gives investors an opportunity to benefit from Northern Trust's best investment thinking," Northern Trust chief investment officer Bob Browne said in a news release. "The fund's global asset class weightings are based on Northern Trust's Investment Policy Committee asset allocation process, incorporating both long-term strategic and shorter-term tactical inputs."
The fund is managed by Peter Flood and Daniel Phillips.
Northern Trust is a Chicago-based provider of investment management, asset and fund administration, banking solutions and fiduciary services.
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