Accessible and Efficient Investment Product Providing Exposure to U.S. Corporate Debt
KUALA LUMPUR, Nov 14 (Bernama) -- Nasdaq yesterday announced that FlexShares® Exchange Traded Funds, sponsored and managed by Northern Trust, will list a new exchange-traded fund, FlexShares Credit-Scored US Corporate Bond Index Fund (Symbol: SKOR), on The Nasdaq Stock Market. SKOR will begin trading today, November 13th, 2014.
"Regulatory changes impacting the fixed income capital markets and persistent low interest rates have caused institutional investors and financial advisors to reassess their investment options for exposure to corporate bonds," said Shundrawn A. Thomas, Executive Vice President and Head of Northern Trusts' Funds and Managed Accounts Group. "The FlexShares® Credit-Scored US Corporate Bond Index Fund employs a rules-based methodology that incorporates forward looking financial metrics to optimize credit risk while providing improved transparency and liquidity as compared to legacy corporate bond benchmarks."
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