Finally, An ETF For Ireland & The Irish Americans (NTRS, IQE)

Investing

Published: June 19, 2008 2:37 pm

Northern Trust Corp. (NASDAQ: NTRS) has announced that its Global Investments asset management arm of Northern Trust, has launched the first U.S. listed ETF tracking the ISEQ 20(TM) Index. This is the leading investment benchmark index for investing in Irish companies.

NETS(TM) ISEQ 20(TM) Index Fund (Ireland) is now traded on the NYSE Arca under the ticker "IQE" and this allows US investors for the first time to invest in an ETF tracking the 20 Irish securities comprising the index.

The move is said to be the latest in a series of fifteen NETS(TM) ETF products launched by Northern Trust, designed to give investors exposure to some of the world’s best-recognized international equity markets via shares traded on U.S. exchanges.

So far this one has seen hardly a notice of its existence as it traded only 300 shares today as of 3:30 PM EST. It may take a while for this one to get going, but it is very difficult for US investors to know what they are buying into when they try to invest in Ireland.

Jon C. Ogg
June 19, 2008

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