Northern Trust Asset Management (NTAM) has outsourced its ETF business to Waystone ETFs. The single ETF, NTAM’s USD287.4m FlexShares Listed Private Equity UCITS, will now be hosted on Waystone ETF’s ICAV platform. NTAM will continue as the investment manager for the ETF. Northern Trust’s asset servicing unit will continue to act as custodian and administrator.
