FlexShares celebrates third anniversary


FlexShares Exchange Traded Funds, sponsored and managed by Northern Trust, has reached a three-year milestone on its four inaugural FlexShares ETFs.

The funds are:
• FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR)
• FlexShares Morningstar US Market Factor Tilt Index Fund (TILT)
• FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT)
• FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF)
Following the launch of these four products in September 2011, FlexShares hit the USD1 billion mark in less than a year. FlexShares has since grown into an USD8.5 billion family of 16 ETFs, including the recently launched Disciplined Duration MBS Index Fund.
FlexShares was the fastest-growing ETF family for each of the past two years, according to Pensions & Investments.
“Three years ago we launched FlexShares with a simple yet compelling mission, to deliver thoughtfully designed products that meet targeted investment objectives,” says Shundrawn A. Thomas (pictured), executive vice president and head of Northern Trusts’ funds and managed accounts group. “The rapid growth in assets and positive response from investors affirms that our investor-centric approach fills a tremendous need in the marketplace.”