Northern Trust is reducing the maximum annual management fee on the FlexShares iBoxx 3-Year Target Duration TIPS Index Fund and the FlexShares iBoxx 5-Year Target Duration TIPS Index Fund, reflecting a continued strategy that focuses on serving the needs of investors and their advisors.
“Our pricing strategy is consistent with our investor-centric value proposition,” says Shundrawn Thomas, President of Northern Trust Asset Management. “FlexShares provides distinctive products at attractive price points as we seek to offer compelling value for the fees we receive. The reduction of management fees for certain FlexShares ETFs reflects the ongoing commitment to our value proposition.”
FlexShares’ innovative lineup is designed to provide targeted investment outcomes and risk-adjusted returns with funds that address the four fundamental investor objectives of growing assets, managing risks, generating income and providing liquidity. Twenty-three of the 25 FlexShares ETFs focus on alternatively- or factor-weighted index strategies, with an emphasis on providing investment insights and thought leadership. This combination works together to enhance the overall value provided to investors.
“Discerning investors are principally concerned with value as opposed to a singular focus on fees,” Thomas says. “Our pricing approach is largely informed by careful assessment of the needs and preferences of long-term investors.”