FlexShares Launches Active Money Market ETF (With An Impressively Low Expense Ratio)
FlexShares, the firm that recently expanded its relatively young product lineup to include international equity funds, announced today the launch of its first active ETF. The FlexShares Ready Access Variable Income Fund (RAVI) will seek to deliver maximum current income consistent with the preservation of capital and liquidity. To accomplish that objective, the new ETF will invest primarily in a portfolio of investment grade bonds, including Treasuries, municipal bonds, and corporate debt. The average duration of RAVI will vary based on the forecasts from Northern Trust’s Investment committee, but will generally not exceed one year. The combination of short term durations and relatively high credit quality means that RAVI should be a relatively low risk security, potentially making it appealing as a cash substitute for investors looking to pull money out of equity markets temporarily [for updates on all new ETFs, sign up for the free ETFdb newsletter]. RAVI seems [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
FlexShares, the firm that recently expanded its relatively young product lineup to include international equity funds, announced today the launch of its first active ETF. The FlexShares Ready Access Variable Income Fund (RAVI) will seek to deliver maximum current income consistent with the preservation of capital and liquidity. To accomplish that objective, the new ETF will invest primarily in a portfolio of investment grade bonds, including Treasuries, municipal bonds, and corporate debt.  The average duration of RAVI will vary based on the forecasts from Northern Trust’s Investment committee, but will generally not exceed one year. The combination of short term durations and relatively high credit quality means that RAVI should be a relatively low risk security, potentially making it appealing as a cash substitute for investors looking to pull money out of equity markets temporarily [for updates on all new ETFs, sign up for the free ETFdb newsletter].  RAVI seems [...]

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