FlexShares® Exchange Traded Funds, sponsored and managed by Northern Trust, today announced it has expanded its Exchange Traded Fund offering for investors and financial advisors with a second actively managed fixed income ETF: the Core Select Bond Fund (NYSE: BNDC). "Demand for fixed income ETFs is growing rapidly as evidenced by the growing share of fixed income ETFs in the past several years," said Shundrawn Thomas, head of Northern Trust's Funds and Managed Accounts Group. "Investors are particularly interested in ETFs that can serve as core portfolio holdings." Northern Trust, which has more than 40 years of global fixed income investing experience, currently manages more than $360 billion in fixed income assets i. Actively managed ETFs are relatively new and at $27.9 billion represent approximately 1.2 percent of total ETF assets ii. Of the $27.9 billion in total actively managed ETF assets, fixed income represents 77 percent and has grown at an annual rate of 76 percent since January 2011 iii. "Our Core Select Bond fund allows investor to achieve efficient diversification through liquid investments in underlying fixed income ETFs and individual securities," continued Thomas. "We believe our deep experience in actively managed fixed income strategies and our distinctive approach to ETF product development provides investors with the opportunity to outperform traditional fixed income funds." ETFs are among the fastest growing product categories in the U.S. asset management industry with 67 new sponsors entering the market over the last five years. In 2016, according to Morningstar, growth in the U.S. market increased more than 12 percent from the prior year to $2.4 trillion in assets as of Oct. 31, 2016. In the midst of this rapid growth, FlexShares has reached more than $10 billion in assets since the ETF suite's launch in September 2011. For more information, please visit www.flexshares.com. About FlexShares FlexShares Exchange Traded Funds are designed to pursue specific investment goals across both passive and active strategies. FlexShares offers differentiated ETF strategies that improve and simplify the investment decision process for the long-term investor.