FlexShares has listed a new exchange-traded fund, the FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR), on The Nasdaq Stock Market.
“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,” says 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 optimise credit risk while providing improved transparency and liquidity as compared to legacy corporate bond benchmarks.”
SKOR is a fixed income portfolio consisting of corporate debt securities selected using a proprietary credit scoring process. The fund focuses on an intermediate maturity, with securities ranging from two to ten years in maturity. SKOR is an accessible and efficient investment product which provides exposure to US corporate debt. The fund seeks to maximise the credit score while maintaining a similar spread and duration to the intermediate maturity corporate debt universe.
“It’s our pleasure to welcome a new FlexShares exchange-traded fund to The Nasdaq Stock Market,” says Walt Smith, Vice President, Head of US Equities at Nasdaq. “Nasdaq offers FlexShares the opportunity to access new markets and expand SKOR’s reach to a full spectrum of investors.
