FlexShares Updates Corporate Bond Funds - SKOR and LKOR – With New Indices
FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR)
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Northern Trust’s FlexShares® Exchange Traded Funds today announced new underlying indices for two of its bond funds, effective immediately. The Credit-Scored US Corporate Bond Index Fund (SKOR) will use the Northern Trust US Corporate Bond Quality Value Index and the Credit-Scored US Long Corporate Bond Index Fund (LKOR) has switched to the Northern Trust US Long Corporate Bond Quality Value Index. Both indices provide exposure to investment grade bonds with a focus on the quality and value factors. Current fund shareholders are not required to take any action as a result of these changes.“At FlexShares, our mission is first and foremost to meet investor goals and we’re constantly evaluating how best to align our products with those objectives,” said Darek Wojnar, Head of Funds and Managed Accounts at Northern Trust Asset Management. “In this low-yielding market environment, income generation and capital appreciation are critical for today’s investors. We
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