Northern Trust is planning to launch five new initial index exchange-traded funds (ETFs), Index Universe reports. The Chicago-based money management firm has filed with the Securities and Exchange Commission for the same.
Three out of the five funds will canvass the equities universe globally, while the other two will provide investors with exposure to companies in the natural resources business and U.S. Treasury inflation-protected securities. The funds include the FlexShares U.S. Equity Core Portfolio Fund and the FlexShares Natural Resources Portfolio Fund.
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