Northern Trust, State Street Announce ETF Launches and Flows

Between April 30 and May 7, 2026, Northern Trust, State Street Investment Management and WisdomTree disclosed separate developments involving ETF launches, a preliminary memorandum and a completed acquisition.

On May 7, Northern Trust disclosed that it supported the launch of a new exchange-traded fund registered on the Waystone ETF ICAV. The firm did not specify its precise role, the fund’s name, target market or asset class in the announcement.

State Street Investment Management announced on May 5 that it had signed a non-binding memorandum of understanding with SBI Holdings, Inc. The firms described the agreement as preliminary and did not provide financial terms, a timetable for a definitive arrangement, or operational details about the intended partnership.

In a separate May 5 release, State Street reported that U.S.-listed exchange-traded funds recorded $178 billion in net inflows in April 2026. The firm said this was the second-highest monthly total on record for the U.S. ETF market but did not break down flows by product category in the summary announcement.

Also on May 5, WisdomTree, Inc. announced the completion of its previously disclosed acquisition of Atlantic House Holdings Limited, a London-based active asset manager. The company confirmed the purchase had closed and provided no additional detail on integration or changes to Atlantic House’s operations.

Northern Trust and State Street each indicated they would provide more information as plans progressed or when definitive agreements were reached. The initial notices did not include further specifics on timelines, product details or financial terms.