2 Launches From FlexShares

January 27, 2014

FlexShares, the ETF arm of Northern Trust, launched the FlexShares Global Quality Real Estate Index fund (GQRE), a globally focused REIT ETF that seeks to find a place in yield-hungry investors’ portfolios; and the FlexShares Stoxx Global Broad Infrastructure Index Fund (NFRA), a fund designed to capture growth in developed and emerging markets, on Nov. 7 and Oct. 7, respectively.

The self-indexed GQRE tracks the Northern Trust Global Quality Real Estate Index, which bets on U.S. and non-U.S. real estate investment trusts and real estate companies with proven profitability, management expertise and cash flow, among other factors.

GQRE’s competition includes the SPDR Dow Jones Global Real Estate ETF (RWO | C-65) and the Cohen & Steers Global Realty Majors fund (GRI | C-67), which have expense ratios of 50 and 55 basis points, respectively. GQRE comes with a 45 basis point expense ratio.

NFRA tracks the Stoxx Global Broad Infrastructure Index, which comprises infrastructure-related companies domiciled in developed and emerging markets (including the U.S.), according to the fund’s prospectus. NFRA has an expense ratio of 47 basis points.


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