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Northern Trust enters European ETF market

european_etfsNorthern Trust Asset Management’s US ETF brand Flexshares has entered the European market and launched two funds.

The firm has partnered with index provider Stoxx to develop benchmarks for both funds and said that it will be looking to develop proprietary benchmarks as it expands is European platform.

Both ETFs – one that chases high dividends, and the other that seeks to lower volatility - focus on climate themes.

They invest in companies that have strong profitability and management expertise, the firm said. The funds will also implement ESG criteria and seek to reduce portfolio carbon footprints.

The funds are called the FlexShares Developed Markets Low Volatility Climate ESG Ucits ETF and FlexShares Developed Market High Dividend Climate ESG Ucits ETF.

Northern Trust is selling the ETFs into the UK, Ireland, Sweden, Germany and the Netherlands. 

FlexShares was launched in the US in 2011.

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