Northern Trust’s (NasdaqGM: NTRS) FlexShares ETF unit, will introduce the FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEArca: NFRA) today. The new ETF, which charges 0.47% per year, tracks the STOXX Global Broad Infrastructure Index. FlexShares filed plans for the ETF earlier this year.
“Infrastructure assets are defined by the index provider as the physical structures and networks upon which the operation, growth and development of a community depends, and include water, sewer, and energy utilities; transportation, data and communication networks or facilities; health care facilities, government accommodations, and other public-service facilities; and shipping,” according to the filing.
As of September 19, 2013, the Underlying Index comprised 155 stocks with market capitalizations ranging from $97.47 million to $228.03 billion, according to ETF Daily News.
Top holdings in the index include Dow components AT&T (NYSE: T), Verizon (NYSE: VZ) and Canadian National Railway (NYSE: CNI). The top-five country weights in the index are the U.S. United States (38%), Japan (11.6%), United Kingdom (10.6%), Canada (10.4%) and Germany (6.1%). NFRA is passively managed.