FlexShares Launches High Yield Value-Scored ETF
18 Julho 2018 - 10:00AM
Business Wire
HYGV expands FlexShares’ suite of
fixed-income ETFs, boosting a diversified product line with
a focus on value, liquidity and credit evaluation
Northern Trust’s FlexShares® Exchange Traded Funds announced
today the expansion of its fixed-income exchange traded fund roster
with the launch of an ETF that uniquely screens high yield
corporate debt: FlexShares High Yield Value-Scored Bond Index Fund
(NYSE: HYGV).
“As high yield bonds have become a mainstream fixed-income
asset, we believe fund providers have sacrificed their original
focus on yield generation,” said Mark Carlson, Senior Investment
Strategist at FlexShares. “Our new value-scored high yield fund
offers investors an innovative approach to income generation by
focusing on maximizing the value factor to enhance total return
potential, while also placing a renewed focus on the ‘yielding’
aspect of high yield.”
The FlexShares High Yield Value-Scored Bond Index Fund utilizes
Northern Trust’s proprietary credit scoring model to maximize
factor inputs for value while screening for quality and liquidity
risk. The fundamentals of the bond issuers are then evaluated
against current market conditions, and the lowest quality issuers
are removed from the index.
“The addition of the FlexShares High Yield Value-Scored Bond
Index Fund will enhance our suite of efficient fixed-income funds,
providing investors a diverse set of income generating products
within the FlexShares lineup,” said Darek Wojnar, Head of Northern
Trust’s Funds and Managed Accounts Group. “We believe our deep
fixed-income expertise and selective approach to product
development will help our clients meet their investment goals and
potentially deliver income in a dynamic market environment where
traditional income sources have become less predictable.”
Fixed-income ETFs are increasingly attracting investor interest,
becoming a more frequent tool for investors who are looking for
diversification, regular income generation and risk averse options.
In April 2018, fixed-income ETFs saw record inflows of $15.3
billion, bringing total fixed-income ETF assets to about $600
billion. Since inception in 2011, FlexShares has accrued over $16.8
billion in assets under management, with approximately $3.3 billion
in its fixed-income suite.
About FlexShares
FlexShares 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. Follow us on Twitter @FlexSharesETFs.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has offices in the
United States in 19 states and Washington, D.C., and 23
international locations in Canada, Europe, the Middle East and the
Asia-Pacific region. As of March 31, 2018, Northern Trust had
assets under custody/administration of US$10.8 trillion, and assets
under management of US$1.2 trillion. For more than 125 years,
Northern Trust has earned distinction as an industry leader for
exceptional service, financial expertise, integrity and innovation.
Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at https://www.northerntrust.com/disclosures.
Before investing, carefully consider the FlexShares
investment objectives, risks, charges and expenses. This and other
information is in the prospectus, a copy of which may be obtained
by visiting www.flexshares.com. Read the
prospectus carefully before you invest.
Foreside Fund Services, LLC, distributor.
An investment in FlexShares is subject to numerous risks,
including possible loss of principal. Fund returns may not match
the return of the respective indexes. The Funds are subject to the
following principal risks: asset class; commodity; concentration;
counterparty; currency; derivatives; dividend; emerging markets;
equity securities; fluctuation of yield; foreign securities;
geographic; income; industry concentration; inflation-protected
securities; infrastructure-related companies; interest rate /
maturity risk; issuer; large cap; management; market; market
trading; mid cap stock; MLP; momentum; natural resources; new
funds; non-diversification; passive investment; privatization;
small cap stock; tracking error; value investing; and volatility
risk. A full description of risks is in the prospectus.
FlexShares High Yield Value-Scored Bond Index Fund (HYGV)
invests in high yield securities, which are considered highly
speculative, and is subject to greater credit risk, price
volatility and risk of loss than if it invested primarily in
investment grade securities. There is a higher risk that an issuer
will be unable to meet principal and interest rate payments on an
obligation and may also be subject to more substantial price
volatility due to such factors as interest rate sensitivity, market
perception of credit worthiness of and general market liquidity
than if the fund invested in investment grade securities. The fund
may invest in distressed securities, which generally exposes the
fund to risks in addition to investing non-investment grade
securities. These risks can adversely impact the Fund’s return and
net asset value. When interest rates rise, the value of corporate
debt can be expected to decline. The value of the securities in the
Fund’s portfolio may fluctuate, sometimes rapidly and unpredictably
at a greater level than the overall market. The Fund may invest in
derivative instruments. Changes in the value of the derivative may
not correlate with the underlying asset, rate or index and the Fund
could lose more than the principal amount invested. The Fund will
concentrate its investments (i.e., hold 25% or more of its total
assets) in a particular industry or group of industries to
approximately the same extent that the Underlying Index is
concentrated. The fund is also subject to the risk that the Fund’s
investment in companies whose securities are believed to be
undervalued will not appreciate in value as anticipated.
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FlexSharesDoug
Holt312-557-1571Doug.Holt@ntrs.comwww.flexshares.comFollow Us on
Twitter @FlexSharesETFs
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