Northern Trust (Nasdaq: NTRS) has launched a new U.S. ETF servicing platform and has been appointed by Harding Loevner to provide integrated servicing for its first U.S. ETF, the International Developed Markets Select Equity ETF (NYSE: LOEV), covering custody, fund accounting, administration, transfer agency and ETF‑specific functions.
Harding Loevner (NYSE: LOEV) launched the International Developed Markets Select Equity ETF, an actively managed fund providing access to its existing International Developed Markets Equity strategy in a more tax-efficient vehicle. Northern Trust acts as administrator and custodian, while the ETF retains the same portfolio managers, philosophy, and bottom-up approach used for decades.
The ETF targets high-quality, growing companies in developed markets outside the U.S., focusing on businesses Harding Loevner believes have competitive advantages, strong management, solid finances, and sustainable growth. This is Harding Loevner’s first active ETF and part of its vehicle-agnostic approach for advisers and investors.