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Northern Trust creates new UCITS fund platform

29 June 2010

Northern Trust creates platform to launch tax-transparent cross-border UCITS funds

 

Northern Trust announced today it has established the Northern Trust Common Contractual Fund as a platform that will allow investment managers to offer proprietary investment strategies in a cross-border fund vehicle designed to appeal to large institutional investors. The Northern Trust CCF is an Irish-domiciled UCITS fund, a vehicle established under the European Union’s “Undertaking for Collective Investment in Transferable Securities” directive.

“This platform will help investment managers gain access to the European market through a UCITS fund that...


 

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