FlexShares ETFs Top $1B in AUM

Northern Trust's (NASDAQ: NTRS) FlexShares family of ETFs, which debuted in September 2011, have reached a combined $1 billion in assets under management, the firm announced today.

"The demands of investors and the advisors who serve them continue to drive the evolution in the ETF landscape," said Shundrawn Thomas, head of Northern Trust's Exchange Traded Funds Group, in a statement. "Passing the $1 billion mark is an important milestone for us and affirms that our focus on distinctive products is valued by investors."

The four FlexShares ETFs are as follows: The FlexShares Morningstar U.S. Market Factor Tilt Index ETF (NYSE: TILT), the FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (NYSE: TDTF), the FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (NYSE: TDTT) and the FlexShares Morningstar Global Upstream Natural Resources Index ETF (NYSE: GUNR).

With over $381.6 million in AUM, the FlexShares Morningstar Global Upstream Natural Resources Index ETF is the largest of the FlexShares ETFs. The FlexShares iBoxx 3-Year Target Duration TIPS Index Fund is the second-largest with almost $327 million in AUM.