FlexShares Launches High Yield Value-Scored ETF

Northern Trust’s FlexShares Exchange Traded Funds announced today the expansion of its fixed-income exchange traded fund roster with the launch of an ETF that uniquely screens high yield corporate debt: FlexShares High Yield Value-Scored Bond Index Fund (NYSE: HYGV). The FlexShares High Yield Value-Scored Bond Index Fund utilizes Northern Trust’s proprietary credit scoring model to maximize factor inputs for value while screening for quality and liquidity risk. The fundamentals of the bond issuers are then evaluated against current market conditions, and the lowest quality issuers are removed from the index.