Press release
Northern Trust Asset Management’s FlexShares® Expands Listing of Private Equity ETF
More Than US$140 Million AUM ETF Designed to Provide Investors Access to Companies Investing in Private Equity LONDON--(BUSINESS WIRE)-- Northern Trust Asset
About this update from Northern Trust Corporation
[{"type":"text","content":"\nMore Than US$140 Million AUM ETF Designed to Provide Investors Access to Companies Investing in Private Equity\n\n LONDON--(BUSINESS WIRE)--\nNorthern Trust Asset Management’s FlexShares Exchange Traded Funds today announced the listing of the FlexShares® Listed Private Equity UCITS ETF (Ticker: FLPE), the firm’s first exchange traded fund (ETF) that offers investors direct exposure to the listed private equity market.\n\nListed today on the London Stock Exchange, the fund has attracted more than US$140 million in AUM since its launch in December 2021.\n\nFLPE tracks the Foxberry Listed Private Equity SDG Screened USD Net Total Return index, which seeks an intentional focus on firms most involved in private equity by employing a thematic purity score, which ranks securities according to their exposure to private equity themes.\n\nThrough FLPE, professional investors can gain exposure to private equity with an ETF that is designed to offer liquidity, lower minimum investments and the potential to achieve diversified exposure to multiple private equity firms and investment strategies.\n\nMarie Dzanis, head of Northern Trust Asset Management in EMEA, said: “The private equity market is growing, and investors want access. FLPE was developed in direct response to our client’s demand for private equity exposure, which traditionally has been a difficult asset class to access. This product offers the ability to capture unique pockets of the market and combines our more than a decade of experience developing exchange traded funds to deliver a low-cost, liquid product that can meet client needs.”\n\nThe ETF will now be listed on the London Stock Exchange and the Euronext Exchange in Amsterdam, and is available in Austria, Denmark, Finland, Germany, Ireland, Netherlands, Sweden and the United Kingdom. It is FlexShares’ fifth ETF available in Europe since its entry into the European market in March of last year.\n\nAbout FlexShares\nFlexShares Exchange Traded Funds are designed to pursue specific investment goals across both passive and active strategies. FlexShares offers differentiated ETF strategies that can improve and simplify the investment decision process for the long-term investor. Please visit our website or connect with us on our LinkedIn page.\n\nAbout Northern Trust Asset Management\nNorthern Trust Asset Management is a globa...