FlexShares ETFs Top $1B in AUM

Northern Trust's NTRS FlexShares family of ETFs, which debuted in September 2011, have reached a combined $1 billion in assets under management, the firm announced today. "The demands of investors and the advisors who serve them continue to drive the evolution in the ETF landscape," said Shundrawn Thomas, head of Northern Trust's Exchange Traded Funds Group, in a statement. "Passing the $1 billion mark is an important milestone for us and affirms that our focus on distinctive products is valued by investors." The four FlexShares ETFs are as follows: The FlexShares Morningstar U.S. Market Factor Tilt Index ETF TILT, the FlexShares iBoxx 5-Year Target Duration TIPS Index Fund TDTF, the FlexShares iBoxx 3-Year Target Duration TIPS Index Fund TDTT and the FlexShares Morningstar Global Upstream Natural Resources Index ETF GUNR. With over $381.6 million in AUM, the FlexShares Morningstar Global Upstream Natural Resources Index ETF is the largest of the FlexShares ETFs. The FlexShares iBoxx 3-Year Target Duration TIPS Index Fund is the second-largest with almost $327 million in AUM.