New ETFs track Morningstar indexes and provide
hedged exposure to TILT suite of funds
FlexShares® Exchange Traded Funds, sponsored and managed by
Northern Trust, today introduced two new currency hedged ETFs that
complement its developed market and emerging market tilt products -
the FlexShares® Currency Hedged Morningstar® DM ex-US Factor Tilt
IndexSM Fund (NYSE: TLDH) and the FlexShares® Currency Hedged
Morningstar® EM Factor Tilt IndexSM Fund (NYSE: TLEH).
"International equity exposure is a core element of many
portfolios seeking long-term growth as developed markets allow
investors to expand their opportunity set beyond U.S. borders. Our
research shows that employing a tilted approach to capturing size
and value factors potentially adds value to global equity
strategies,” said Shundrawn A. Thomas, head of Northern Trust's
Funds and Managed Accounts Group. “Currency fluctuations, however,
add complexity when implementing an international strategy,
especially during times of monetary intervention. By hedging the
currency exposure in a tilted strategy, the resulting portfolio may
provide optimal exposure while reducing potential volatility from
currency fluctuations."
FlexShares ETFs are designed to address the specific objectives
of investors, such as growing assets, managing risk, generating
income and managing liquidity. The new ETFs are:
- FlexShares® Currency Hedged
Morningstar® DM ex-US Factor Tilt IndexSM Fund (TLDH)FlexShares ®
Currency Hedged Morningstar® DM ex-US Factor Tilt IndexSM ETF seeks
to enhance exposure to international stock market equities by
tilting the portfolio toward the long-term growth potential of the
smaller-cap and value segments and hedging currency exposure.
Designed to replace traditional market-weighted international
equity products, the Fund applies a tilt to small-cap and value
stocks using a multi-factor modeling approach that attempts to
enhance portfolio risk/return characteristics. One-month currency
forward contracts are used to reduce exposure to potential
volatility in currencies with respect to the U.S.-dollar.
- FlexShares® Currency Hedged
Morningstar® EM Factor Tilt IndexSM Fund (TLEH)FlexShares® Currency
Hedged Morningstar® EM Factor Tilt IndexSM ETF seeks to enhance
exposure to emerging market equities by tilting the portfolio
toward the long-term growth potential of the smaller-cap and value
segments and hedging currency exposure. Designed to replace
traditional market-weighted international equity products, the Fund
applies a tilt to small-cap and value stocks using a multi-factor
modeling approach that attempts to enhance portfolio risk/return
characteristics. One-month currency forwards contracts are used to
reduce exposure to potential volatility in currencies with respect
to the US-dollar.
The underlying indices are the Morningstar® Developed Markets
ex-US Factor Tilt Hedged IndexSM and the Morningstar® Emerging
Markets Factor Tilt Hedged IndexSM, respectively. They are governed
by transparent, objective rules for security selection, exclusion,
rebalancing and adjustments for corporate actions. It is
reconstituted on a semi-annual basis and rebalanced quarterly.
For more information, please visit www.flexshares.com.
Before investing, carefully consider the FlexShares investment
objectives, risks, charges and expenses. This and other information
is in the prospectus, a copy of which may be obtained by visiting
www.flexshares.com. Read the prospectus carefully before you
invest.
Foreside Fund Services, LLC, distributor.
About FlexShares
FlexShares Exchange Traded Funds are designed to pursue specific
investment goals across both passive and active strategies.
FlexShares offers differentiated ETF strategies that improve and
simplify the investment decision process for the long-term
investor. For more information, please visit flexshares.com.
Follow us on Twitter @FlexSharesETFs.
About Northern Trust
Northern Trust Corporation (NASDAQ: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has offices in the
United States in 19 states and Washington, D.C., and 20
international locations in Canada, Europe, the Middle East and the
Asia-Pacific region. As of September 30, 2015, Northern Trust had
assets under custody of US$6 trillion, and assets under management
of US$887 billion. For more than 125 years, Northern Trust has
earned distinction as an industry leader for exceptional service,
financial expertise, integrity and innovation. Visit
northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at http://www.northerntrust.com/disclosures.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent
investment research in North America, Europe, Australia, and Asia.
The company offers an extensive line of products and services for
individual investors, financial advisors, asset managers, and
retirement plan providers and sponsors. Morningstar provides data
on more than 500,000 investment offerings, including stocks, mutual
funds, and similar vehicles, along with real-time global market
data on more than 17 million equities, indexes, futures, options,
commodities, and precious metals, in addition to foreign exchange
and Treasury markets. Morningstar also offers investment management
services through its investment advisory subsidiaries, with more
than $170 billion in assets under advisement and management as of
Sept. 30, 2015. The company has operations in 27 countries.
The FlexShares Morningstar ETFs are not sponsored, endorsed,
sold or promoted by Morningstar, Inc. and Morningstar makes no
representation regarding the advisability of investing in them.
An investment in FlexShares is subject to numerous risks,
including possible loss of principal. Fund returns may not match
the return of the respective indexes. The Funds are subject to the
following principal risks: asset class; commodity; concentration;
counterparty; currency; derivatives; dividend; emerging markets;
equity securities; fluctuation of yield; foreign securities;
geographic; income; industry concentration; inflation-protected
securities; infrastructure-related companies; interest rate /
maturity risk; issuer; large cap; management; market; market
trading; mid cap stock; MLP; momentum; natural resources; new
funds; non-diversification; passive investment; privatization;
small cap stock; tracking error; value investing; and volatility
risk. A full description of risks is in the prospectus.
In addition, the Funds are subject to commodity exposure risk,
the risk of investing in economies that are susceptible to
fluctuations in certain commodity markets. The Funds enter into
foreign currency forward contracts designed to offset the Funds'
currency exposure of non-U.S. dollar denominated securities
included in the Underlying Index against the U.S. dollar, which may
not be successful. Investments in foreign and emerging market
securities involve certain risks such as currency volatility,
political and social instability and reduced market liquidity. The
Funds' investments are concentrated in the securities of issuers in
a particular market, industry, sector or asset class. The Funds may
be subject to increased price volatility and may be more
susceptible to adverse economic, market, political or regulatory
occurrences affecting that market, industry, sector or asset class.
The Funds may also invest in derivative instruments. Changes in the
value of the derivative may not correlate with the underlying
asset, rate or index and the Funds could lose more than the
principal amount invested.
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version on businesswire.com: http://www.businesswire.com/news/home/20151110005333/en/
For FlexShares Exchange Traded FundsMedia Contacts:Doug
Holt312-557-1571Doug_Holt@ntrs.comorLiz
LaBeau312-240-3150Liz.LaBeau@Edelman.comwww.flexshares.comFollow Us
on Twitter @FlexSharesETFs
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