Northern Trust Corp. is opening its fund-of-funds offering to individual investors. The Northern Global Tactical Asset Allocation Fund aims at offering investors long-term capital appreciation and current income. The vehicle works on a diversified portfolio that includes domestic and international stocks; investment-grade and high-yield bonds; and real assets such as natural resources, gold and global real estate.
Co-portfolio managers Peter Food and Daniel Phillips run the fund, which was primarily intended for institutional clients. They have been with Northern Trust since 1979 and 2005, respectively.
Click here for the release from Business Wire.