The firm has rolled out the Northern Multi-Manager Global Listed Infrastructure Fund; the portfolio invests at least 80 per cent of assets in securities of infrastructure firms listed on domestic US or foreign exchanges.

"Infrastructure - including airports, ports, toll roads and similar assets - has unique and attractive characteristics as an investment," said Chris Vella, chief investment officer for Northern Trust Multi-Manager Investments.

"We see this as a space that has the potential to provide relatively stable cash flows, attractive yields, inflation protection and downside protection. We also like that the companies this fund will invest in often have limited competition due to the high barriers of entry into the markets they serve."

The Northern Trust global fund will normally invest at least 40 per cent in infrastructure companies tied to foreign countries, including emerging markets and frontier markets.

The Fund's total net operating expense ratio is 1.00 per cent, and has a redemption fee of 2 per cent on assets sold or exchanged within 30 days of purchase. The minimum investment is $2,500.

The Fund takes a multi-manager approach, with assets allocated to multiple outside sub-advisers using distinctive investment styles. The Northern Trust Company of Connecticut (NTCC) will conduct manager research, selection, optimization and oversight. Investment sub-advisers are Brookfield Investment Management and Macquarie Capital Investment Management.