A billion dollars in AUM is a milestone that causes many funsd shops to pop open a bottle of champagne. On Thursday Northern Trust's [profile] FlexShares family of ETFs became the most recent fund family to reach that mark, reports Benzinga.

The ETFs that belong to the group are the FlexShares Morningstar U.S. Market Factor Tilt Index ETF, the FlexShares iBoxx 5-Year Target Duration TIPS Index Fund, the FlexShares iBoxx 3-Year Target Duration TIPS Index Fund, and the FlexShares Morningstar Global Upstream Natural Resources Index ETF.

Shundrawn Thomas, Northern Trust's ETF head, said in a statement:

The demands of investors and the advisors who serve them continue to drive the evolution in the ETF landscape. Passing the $1 billion mark is an important milestone for us and affirms that our focus on distinctive products is valued by investors.

 

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