Pacer ETFs crosses $2bn AUM in under three years

Apr 26th, 2018 | By | Category: Alternatives / Multi-Asset

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Pacer ETFs has accumulated $2bn in assets under management, less than three years since the launch of its first ETF.

Sean O’Hara, president of Pacer ETF Distributors.

Sean O’Hara, president of Pacer ETF Distributors.

“We’re very excited to have crossed the $2 billion mark in under three years,” said Sean O’Hara, president of Pacer ETF Distributors.

“Our rapid growth rate is due, in part, to our unique series of ETFs. Reaching this milestone is possible due to the hard work and dedication of our team and our partners at S&P, Nasdaq, FTSE Russell, US Bank and Cboe. We also owe our success to the financial advisors who believe in what we do and implement our strategies for their clients.”

“We’re only just beginning,” added Joe Thomson, president of Pacer Financial. “We have found a way to separate ourselves from the pack by emphasizing our client-focused strategies and our highly focused distribution plan. We will continue to build on our success and look for ways to expand our reach to address the needs of investors.”

Pacer offers passive, rules-based strategies and currently has three series of ETFs: the Pacer Trendpilot Series; the Pacer Cash Cows Index Series; and the Pacer Custom ETF Series.

The Trendpilot ETFs aim to help investors navigate turbulent markets. They follow a strategy which seeks to participate in the market when it is trending up, trim equity exposure during short-term market volatility, and exit the market when it is trending down.

There are four equity ETFs in the series, which trade on Cboe ETF Marketplace:

  • Pacer Trendpilot US Large Cap ETF (PTLC US): Exposure alternates between S&P 500, 3-month US T-bills and a 50/50 blend based on trend following. It has an expense ratio of 60bps and is the largest fund across Pacer’s entire line-up with AUM of $910m.
  • Pacer Trendpilot US Mid Cap ETF (PTMC US): Exposure alternates between S&P MidCap 400, T-bills and a 50/50 blend based on trend following. It has an expense ratio of 60bps and AUM of $500m.
  • Pacer Trendpilot 100 ETF (PTNQ US): Exposure alternates between Nasdaq 100, T-bills and a 50/50 blend based on trend following. It has an expense ratio of 65bps and AUM of $210m.
  • Pacer Trendpilot European Index ETF (PTEU US): Exposure alternates between FTSE Eurozone Index, T-bills and a 50/50 blend based on trend following. It has an expense ratio of 65bps and AUM of $150m.

The Pacer Cash Cows Index Series focuses on “cash cow” companies with high free cash-flow yield, an indicator of financial stability and a company’s ability to increase dividends, buy back shares, expand operations or purchase other companies.

There are currently four funds in the Cash Cows Index Series, which also trades on Cboe ETF Marketplace:

  • Pacer Global Cash Cows Dividend ETF (GCOW US): Uses a free cash-flow yield screen and a dividend yield screen to invest in 100 companies from the FTSE Developed Large-Cap Index. It has an expense ratio of 60bps and is the largest fund in the range with AUM of $170m.
  • Pacer US Cash Cows 100 ETF (COWZ US): Screens the Russell 1000 for the top 100 companies based on free cash-flow yield. It has an expense ratio of 49bps.
  • Pacer US Small Cap Cash Cows 100 ETF (CALF US): Screens the S&P SmallCap 600 for the top 100 companies based on free cash-flow yield. It has an expense ratio of 59bps.
  • Pacer Developed Markets International Cash Cows 100 ETF (ICOW US): Screens companies in the FTSE Developed ex-US Index based on their free cash-flow yield. It has an expense ratio of 65bps.

The Pacer Custom ETF Series includes strategy-driven, rules-based ETFs each designed to offer a specific investment focus. There are currently two ETFs in this series:

  • Pacer WealthShield ETF (PWS US): Uses a trend-following strategy that aims to evaluate the strength and momentum of fixed income and equity sectors and industries to determine whether to direct some or all of its exposure to US equities and US Treasury Securities. The fund tracks the Pacer WealthShield Index, is listed on Cboe ETF Marketplace, and has an expense ratio of 60bps.
  • Pacer Military Times Best Employers ETF (VETS US): Provides exposure to US companies that support recruiting, training and professional development of military veterans, service members and their families. The fund tracks the Military Times Best for VETS Index, is listed on Nasdaq Exchange, and has an expense ratio of 60bps.
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