News in brief, mandates and product launches from this week

Northern Trust has been selected by Pensioenfonds Horeca & Catering, a Dutch hospitality and catering industry pension fund, to manage a €200 million developed, listed real estate index portfolio benchmarked to the FTSE EPRA/NAREIT Developed index hedged to EUR. Northern Trust will use its Intelligent Indexing approach to maximise efficiencies in portfolio management strategy around index changes.

Pictet Asset Management has announced the release of its free mutual funds app for iPad. Available in seven different languages the app gives users access to a platform from where users can find information quickly and research individual funds. Information on prices, performance and risk can be found on the app.

SPDR ETFs, the exchange traded funds (ETF) platform of State Street Global Advisors, has announced that it has launched a SPDR S&P 500 ETF in Europe. The new ETF will be primarily listed in Germany and is registered for sale in the UK, Netherlands, France, Ireland and Italy and allows for a cost-efficient way to transfer assets from the US version of the S&P 500 to the new UCITS-compliant product.

Barings has celebrated the third anniversary of the Baring Multi Asset Fund. The fund, has £110.9 million in assets under management and is part of the £5.4bn under management in Barings’ Dynamic Asset Allocation strategies as a whole. In addition, the fund has returned 12.3% on an annualised basis since inception.

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