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Investing

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

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By Douglas A. McIntyre Published
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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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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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