FlexShares, sponsored and managed by Northern Trust, has launched its first actively managed ETF, the FlexShares Ready Access Variable Income ETF (RAVI). Designed for liquidity-focused investors seeking higher yields, the cash management fund has a variable net asset value (NAV) and can invest beyond the limits of traditional money market funds.

FlexShares has introduced two new exchange-traded funds (ETFs), the FlexShares Morningstar Developed Markets ex-US Factor Tilt Index ETF (TLTD) and the FlexShares Morningstar Emerging Market Factor Tilt Index ETF (TLTE), that focus on developed markets outside the US and emerging markets while seeking to counterbalance the inherent bias towards large-growth companies embedded in market-weighted strategies.

FlexShares, the ETF platform of investments giant Northern Trust, has announced that assets within its ETF range have surpassed $1 billion. Launched less than one year ago in September 2011, FlexShares has become one of the fastest-growing ETF providers in the competitive US marketplace.