Portugal

All 16 NETS-brand ETFs from Northern Trust Global Investments (NTGI) are in the same boat; they have declared zero year-end capital gains distributions for the entire product class. The expanding group of NETS ETFs provides access to various markets around the world. A PRNewswire press release reported zero capital gains for 2008 and lists each [...]

Spa ETF has brought investors access to the Portuguese market with the debut of the country’s first ever ETF. Matt Turner of Wealth Bulletin explains that the new ETF, known as Spa ETF PSI-20, will begin trading on the NYSE Euronext and is designed to track the Portuguese stock market. Spa ETF has partnered with [...]

By June of 2009, a handful of countries could have a new MSCI market classification. MSCI Barra has begun discussions on the potential upgrade of South Korea and Israel. Polya Lesova of Market Watch writes that the two countries, currently listed as emerging markets, may be raised to developed market status. South Korea’s currency convertibility [...]

Another two Northern Trust ETFs have hit the market tracking Israel and Portugal. NETS TA-25 Index Fund (TAV) will track Israel’s Tel-Aviv Stock Exchange. According to Heather Bell of Index Universe, this index is size-specific, made up of 25 stocks with the largest market capitalization. TAV is now in competition with iShares MSCI Israel Capped [...]

Northern Trust has expanded its NETS (Northern Exchange Traded Shares) portfolio by setting its sights on single-country indexes. As Barclays, State Street, and Vanguard continue to develop their single-country benchmark ETFs, Northern Trust has become part of the action. The MarketWatch article identifies a few of the country-specific ETFs, such as Nets DAX (DAX) for [...]