FlexShares Exchange Traded Funds, part of Northern Trust Asset Management, has listed its Listed Private Equity Ucits ETF in London and Amsterdam.
The product, which offers access to the listed private equity market, will be listed on the London Stock Exchange and the Euronext Exchange in Amsterdam. It is also available in Austria, Denmark, Finland, Germany, Ireland, Netherlands, Sweden and the UK.
Since it launched in December 2021, the fund has had more than $140 million in assets under management.
The ETF tracks the Foxberry Listed Private Equity SDG Screened USD Net Total Return index that focuses on companies that are most involved in the private equity sector.
The index uses a thematic purity score that ranks securities according to their exposure to private equity themes.
“The private equity market is growing, and investors want access. FLPE was developed in direct response to our client’s demand for private equity exposure, which traditionally has been a difficult asset class to access,” said Marie Dzanis, head of Northern Trust Asset Management in EMEA. “This product offers the ability to capture unique pockets of the market and combines our more than a decade of experience developing exchange traded funds to deliver a low-cost, liquid product that can meet client needs.”
The listing of the FlexShares Listed Private Equity Ucits ETF marks the fifth ETF that the firm has made available in Europe since its entry into the market in March 2021.
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