Pacer ETFs has accumulated $2 billion in assets under management less than three years since the launch of its first ETF. “Our rapid growth rate is due, in part, to our unique series of ETFs,” said Sean O’Hara, president of Pacer ETF Distributors. “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.”
Pacer ETFs has introduced the Pacer Military Times Best Employers ETF (VETS US), a new thematic fund tracking US-listed firms that support training and professional development of military veterans, service members and their families.
Pacer ETFs has announced it is changing index provider for its large and mid-cap Trendpilot ETFs, dropping Wilshire Indexes in favour of S&P Dow Jones Indices. The changes, due to come into effect on 1 November 2017, also include new fund names for the trend-following ETFs. Sean O’Hara, president of Pacer ETF Distributors, commented: “Utilizing S&P DJI’s indices will allow the funds to function more efficiently and reflects our desire to add transparency to our products.”
US-based Pacer ETFs has added two funds to its ‘Cash Cow’ smart beta line up, targeting equities from the international developed and US small cap universes. The new funds select stocks using a free cash flow yield filter which tilts the portfolios towards value and quality factors.
Strategy-based exchange-traded fund provider Pacer ETFs has reached more than $1 billion in assets under management just two years after the launch of the firm’s first ETFs. Sean O’Hara, President of Pacer ETF Distributors, commented: “It’s an exciting time to be at Pacer. We’ve achieved a major milestone and we’ve only just scraped the surface of our potential.” Pacer offers the Trendpilot and Cash Cows series of ETFs.
Pacer ETFs has launched the Pacer US Cash Cows 100 ETF (Bats: COWZ) which uses an objective, rules‐based methodology to provide exposure to the 100 companies in the large‐cap Russell 1000 Index with the highest free cash flow yield. Free cash flow is a measure of a company’s financial performance, calculated as operating cash flow minus capital expenditures. It may be a better gauge of a firm’s underlying fundamentals as the metric is less prone to management reporting bias compared to sales, earnings, assets, or liabilities.
Strategy-based exchange traded fund provider Pacer has listed its Pacer Global High Dividend ETF (PGHD) on BATS ETF market place, which is part of BATS Global Markets (Bats). The move is yet another example of Bats pushing to become a serious contender in the ETF sector. The fund tracks the total return performance of the Pacer Global Cash Cows Dividends 100 Index and is the sixth ETF offered by Pacer on Bats. The Pacer Global High Dividend ETF initially employs a screen of the 300 firms in the FTSE All World Developed Large-Cap Index that have the highest free cash flow yield (free cash flow/enterprise value).
Pacer ETFs, an issuer of strategy-driven exchange-traded funds, has announced the launch of its first two ETFs to offer exposure to equities outside the US. The funds use systematic trend following strategies to manage equity and currency market exposure respectively. “After the great initial success of our three US Trendpilot ETFs, we decided to apply the strategy internationally. I think it is something that investors should use across their investments to avoid major downtrends,” said Joe Thomson, Chairman and President of Pacer ETFs.