Northern Trust has launched a new family of exchange-traded funds called FlexShares. The four funds, which are trading on the New York Stock Exchange, are based on indexes created and maintained by Morningstar and Markit.
The new offerings are the FlexShares Morningstar Global Upstream Natural Resources Index, FlexShares Morningstar U.S. Market Factor Tilt Index, FlexShares iBoxx 3-Year Target Duration TIPS Index and FlexShares iToxx 5-Year Target Duration TIPS Index funds.
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