Northern Lights is a shared fund trust designed to bring exchange-traded funds (ETFs) to market, with operational and cost efficiencies for advisers.
The trust will provide benefits to advisers similar to Gemini’s shared fund trusts for mutual funds. It comprises independent ETFs managed by separate investment advisers. Like Gemini’s shared mutual fund trusts, the Northern Lights Trust will provide ETF advisers with operational efficiencies and economies of scale they would not be able to achieve on their own.
“The Northern Lights ETF Trust will provide advisers with a complete suite of tools and support to overcome obstacles to market entry and bring their ETFs to investors,” said Andrew Rogers, chief executive of Gemini.
Gemini and Arrow will partner with other advisers to create additional ETFs within Northern Lights.
Gemini Fund Services is an asset management firm specializing in tactical and alternative investments. Arrow Investment Advisors is the adviser to Arrow Funds and ArrowShares.