FlexShares Exchange Traded Funds, sponsored and managed by Northern Trust, has launched the FlexShares US Quality Large Cap Index Fund QLC, an equity portfolio that pursues long-term growth potential from a universe of large cap equities.
The fund combines quality, value and momentum factors provide dividend income while controlling for market risk.
The FlexShares US Quality Large Cap Index Fund features:
• An accessible and efficient investment product which provides exposure to U.S. large cap equities
• Ranks securities by quality, value and momentum factors
• Optimisation to maximise exposure to the factors, with sector, style and security level constraints to maintain a similar profile to the universe
• An index-based strategy with competitive fees
"Our empirically-based proprietary approach to investing in high quality companies is the foundation of the investment strategy," says Shundrawn A Thomas (pictured), head of Northern Trust's Funds and Managed Accounts Group. "The FlexShares Quality Large Cap Index fund also offers targeted exposure to value and momentum factors providing investors with an efficient multi-factor core equity portfolio holding."
The underlying index is the Northern Trust Quality Large Cap Index. It is designed to measure the performance of a universe of large capitalisation securities which demonstrate characteristics of better quality, attractive valuation and positive momentum.