Fund Management
Northern Trust Rolls Out Emerging Markets Debt Fund

Chicago, IL-headquartered Northern Trust has launched the Northern Multi-Manager Emerging Markets Debt Opportunity Fund.
Chicago, IL-headquartered Northern Trust has launched the Northern Multi-Manager Emerging Markets Debt Opportunity Fund.
The fund's total net operating expense ratio is 93 per cent and the minimum investment is $100,000. It invests at least 80 per cent of net assets in fixed income securities that provide exposure to a blend of local and hard currency emerging or frontier market issuers. The fund can also invest in emerging market corporate bonds.
The fund takes a multi-manager approach, with assets allocated to outside sub-advisors such as BlueBay Asset Management and Lazard Asset Management.
As of September 30, 2013, Northern Trust managed approximately $37.8 billion assets in multi-manager programs, in addition to having assets under advisement of $43.8 billion for institutional and personal clients.