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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.

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