FlexShares Exchange Traded Funds has launched the Global Quality Real Estate Fund, an investment product that will track Northern Trust's Global Quality Real Estate Index by purchasing its underlying components.
Northern Trust, which manages and sponsors the 15 funds of FlexShares, invests in several countries in its index, including the United States (46.79 percent of all holdings), Japan (12.6 percent), Hong Kong (12.42 percent) and the United Kingdom (7.69 percent). Northern Trust started FlexShares last year to offer exchange traded funds, which are traded on exchanges in the same way as are stocks.
Flexshares' stated goal for the ETF is to "outperform traditional real estate indices via global exposure to listed, non-mortgage real estate investment trusts and operating companies that emphasize stable, long-term capital growth at an attractive price."
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