Northern Trust to Convert $33 Billion in Mutual Funds to ETFs

Key Facts

1Northern Trust Asset Management plans to convert six mutual funds into ETFs in early 2027.

2The funds hold a combined $33 billion in assets, which will more than double the firm's current ETF business.

Northern Trust Asset Management plans to convert six mutual funds into exchange-traded funds (ETFs) in early 2027. ETF Database reported that the funds hold a combined $33 billion in assets, a move expected to more than double the firm's current ETF business footprint.

The conversion is driven by growing investor preference for the ETF structure's tax efficiency, lower costs, and intraday trading capabilities. NTRS closed at $175.73 on September 25, 2026, with the stock trading between a low of $173.23 and a high of $176.22 during that session.