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ETFs

FlexShares Trust FlexShares Real Assets Allocation Index Fund

ASET
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 23 2015
Expense Ratio
0.57%
Type
Global Equities
Fund Owner
Flexshares (Northern Trust)
Volume (1m avg. daily)
$29,991
AUM
$17,364,028
Associated Index
Northern Trust Real Assets Allocation Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with ASET

What is ASET?

FlexShares Real Assets Allocation Index Fund seeks to gain exposure to real assets by investing in three FlexShares ETFs: FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR), FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and FlexShares Global Quality Real Estate Index Fund (GQRE). It seeks to provide investors with a core real assets allocation that helps address their inflation-hedging, diversification, and income needs. Designed to serve as a real assets allocation solution, the strategy applies a proprietary optimization to the three underlying funds in an effort to minimize the volatility of returns and lower risk in the fund. Additional constraints are in place to limit concentration risk. If occurring, dividends from net investment income are generally declared and paid quarterly. Distributions of net realized securities gains, if any, are generally declared and paid once a year, but the Fund may make such distributions on a more frequent basis.

ETFs related toASET

ETFs correlated to ASET include NFRA, PID, EWC

ASET
FlexShares Trust - FlexShares Real Assets Allocation Index Fund
NFRA
FlexShares Trust - FlexShares STOXX Global Broad Infrastructure Index Fund
PID
Invesco Capital Management LLC - Invesco International Dividend Achievers ETF
EWC
BlackRock Institutional Trust Company N.A. - iShares MSCI Canada ETF
IGF
BlackRock Institutional Trust Company N.A. - iShares Global Infrastructure ETF
BBCA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders Canada ETF
GII
SSgA Active Trust - SPDR S&P Global Infrastructure ETF
FDVV
Fidelity Covington Trust - Fidelity High Dividend ETF
RODM
Lattice Strategies Trust - Hartford Multifactor Developed Markets (ex-US) ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

ASET is a Global Equities ETF. FlexShares Real Assets Allocation Index Fund seeks to gain exposure to real assets by investing in three FlexShares ETFs: FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR), FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and FlexShares Global Quality Real Estate Index Fund (GQRE). It seeks to provide investors with a core real assets allocation that helps address their inflation-hedging, diversification, and income needs. Designed to serve as a real assets allocation solution, the strategy applies a proprietary optimization to the three underlying funds in an effort to minimize the volatility of returns and lower risk in the fund. Additional constraints are in place to limit concentration risk. If occurring, dividends from net investment income are generally declared and paid quarterly. Distributions of net realized securities gains, if any, are generally declared and paid once a year, but the Fund may make such distributions on a more frequent basis.

ASET tracks the Northern Trust Real Assets Allocation Index.

No, ASET is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ASET is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ASET is 0.0019%. This is the percent change in the value of ASET over the most recent 1-month period. The 3-month return on ASET is -0.0102%. This is the percent change in the value of ASET over the most recent 3-month period.

The standard deviation of ASET for the past year is 0.1643%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ASET include PBW, ARKK, and EFG.

ETFs correlated to ASET include NFRA, PID, and EWC.

ETFs that are inversely correlated to ASET include EFZ, EPV, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.