FlexShares Launches Credit‐Scored US Long Corporate Bond Index ETF
2015年9月24日 - 9:30PM
ビジネスワイヤ(英語)
New ETF to expand the fixed income lineup,
provide long maturity bond exposure with improved liquidity,
transparency and credit evaluation
FlexShares® Exchange Traded Funds, sponsored and managed by
Northern Trust, today introduced the FlexShares Credit‐Scored US
Long Corporate Bond Index Fund (NASDAQ: LKOR), a fixed income
portfolio consisting of corporate debt securities selected using a
proprietary credit evaluation process. The Fund maintains a longer
maturity, with securities featuring a maturity of 10+ years.
The FlexShares® Credit‐Scored US long Corporate Bond Index
Fund features:
- An accessible and efficient investment
product which provides exposure to U.S. corporate debt
- An exclusion of illiquid and smaller
issuers for improved liquidity and transparency
- A proprietary credit score used to
evaluate and rank the universe of issuers
- Optimization to maximize exposure to
the credit score while maintaining a similar spread and duration to
the universe
- An index-based strategy with
competitive fees
"A combination of market structure and regulatory changes has
caused investors to reassess their investment options for long-term
credit exposure," said Shundrawn A. Thomas, head of Northern
Trust's Funds and Managed Accounts Group. "The FlexShares®
Credit‐Scored US Long Corporate Bond Index Fund provides investors
with a contemporary approach to optimizing credit risk, with
improved transparency and liquidity relative to legacy corporate
bond benchmarks."
The underlying index is the Northern Trust Credit-Scored US Long
Corporate Bond Index. It is designed to measure the performance of
a diversified universe of longer term maturity, U.S.-dollar
denominated bonds of companies with investment grade credit
quality, and enhanced long-term solvency.
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 June 30, 2015, Northern Trust had assets
under custody of US$6.2 trillion, and assets under management of
US$946 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.
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, FlexShares Credit-Scored US Long Corporate Bond
Index Fund is subject corporate bond risk, which is the risk that
the issuer is unable to meet principal and interest rate payments
on the obligation and may also be subject to price volatility due
to such factors as interest rate sensitivity, market perception of
credit worthiness of and general market liquidity. When interest
rates rise, the value of corporate debt can be expected to decline.
The Fund may invest in derivative instruments. Changes in the value
of the derivative may not correlate with the underlying asset, rate
or index and the Fund could lose more than the principal amount
invested. The Fund is also non-diversified meaning the Fund
performance may depend on the performance of a small number of
issuers because the Fund may invest a large percentage of assets in
securities issued by or representing a small number of issuers.
Duration is the sensitivity of a fixed income security’s price
to a change in interest rates.
Spread is the difference in the yield on a corporate bond and a
government bond with a similar maturity.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150924005208/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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