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Portfolio > ETFs

Northern Trust Returns

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After exiting the ETF business in early 2009, Northern Trust is back. In September, the Chicago-based investment firm introduced four ETFs known as “FlexShares.”

The FlexShares Morningstar U.S. Market Factor Tilt Index ETF (TILT) follows the broad U.S. stock market by tilting the portfolio toward the long-term growth potential of the smaller cap and value segments. The FlexShares Morningstar Global Upstream Natural Resources Index ETF (GUNR) is focused on stocks in the natural resources sector.

The company also introduced TIPS ETFs with 3-year durations (TDTT) and 5-year durations (TDTF). The funds are linked to iBoxx indexes and are planning to distribute monthly income payments. The annual expense ratios for both TIPS ETFs are 0.20 percent.

In its original ETF stint, Northern Trust managed 17 funds with roughly $33 million in assets. The funds mostly tracked international and single-country stock benchmarks. •


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