Northern Trust Asset Management’s FlexShares ETFs have announced the listing of the FlexShares Listed Private Equity UCITS ETF (Ticker: FLPE), the firm’s first ETF that offers investors direct exposure to the listed private equity market.
Listed on the London Stock Exchange, the fund has attracted more than USD140 million in AUM since its launch in December 2021.
FLPE tracks the Foxberry Listed Private Equity SDG Screened USD Net Total Return index, which seeks an intentional focus on firms most involved in private equity by employing a thematic purity score, which ranks securities according to their exposure to private equity themes.
The firm writes that through FLPE, professional investors can gain exposure to private equity with an ETF that is designed to offer liquidity, lower minimum investments and the potential to achieve diversified exposure to multiple private equity firms and investment strategies.
Marie Dzanis, head of Northern Trust Asset Management in EMEA, says: “The private equity market is growing, and investors want access. FLPE was developed in direct response to our client’s demand for private equity exposure, which traditionally has been a difficult asset class to access. This product offers the ability to capture unique pockets of the market and combines our more than a decade of experience developing exchange traded funds to deliver a low-cost, liquid product that can meet client needs.”
The ETF will now be listed on the London Stock Exchange and the Euronext Exchange in Amsterdam, and is available in Austria, Denmark, Finland, Germany, Ireland, Netherlands, Sweden and the United Kingdom. It is FlexShares’ fifth ETF available in Europe since its entry into the European market in March of last year.