has a new ETF to compete with money market mutual funds. The new FlexShares Ready Access Variable Income ETF
(RAVI) aims to give
investors an interest experience at the very least, above zero.
RAVI launched on NYSE Arca
The report also states that RAVI should find its own market through
the ready distribution of Northern
its mother company.
This ETF will be PMed by three short-duration fixed income managers.
, Northern Trust's head of ETFs, said they "can't come
out and swing for the fences."
"Investors are looking for the right mix of income and liquidity," he said.
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