Esposito Securities Provides Initial Seed Capital for Successful Launch of the Pacer Benchmark Industrial Real Estate Securit...
31 May 2018 - 11:00PM
Business Wire
Fund follows the Benchmark Industrial Real
Estate SCTR Index
Esposito Securities, LLC (“Esposito”), a leading provider of ETF
seed capital and other key services to both the asset management
industry and institutional investors, is celebrating the recent
successful launch of the Pacer Benchmark Industrial Real Estate
Securities ETF (NYSE:INDS), for which Esposito provided initial
seed capital.
INDS launched on May 15, 2018, and traded 104,237 shares on its
first day. Since going live, the fund has continued to see strong
volume, averaging more than 14,000 shares traded per day.
“We greatly appreciate having worked on the successful launch of
the INDS ETF, and we congratulate the team at Pacer and Benchmark,”
said Mark Esposito, CEO of Esposito Securities, LLC. “We are
excited about the opportunity to work with them over the long
term.”
The team at Esposito has played a major role in helping its ETF
sponsor clients prosper during the recent, unprecedented growth in
the ETF industry. Throughout its 10-year history in ETFs, Esposito
has assisted funds in seeding, the creation and redemption of ETF
shares, and executing trades in the underlying securities. Esposito
offers custom and standard basket trading for ETFs as well as seed
capital, rebalance work-up and assistance, and superior execution
with the option of Post Trade and Best Execution analytical
reporting for all funds. Esposito also trades all listed equity and
index options.
“From its inception, Esposito Securities has offered value-added
products and services which assist in driving ETF growth. As ETFs
have evolved into a larger and separately identifiable asset class,
we have proactively offered services that add value via technology,
operations and trading. Fund managers and traders actively engage
Esposito for new solutions daily,” added Esposito. “We’re always
thinking about our lineup of products and services, and looking at
ways we can continue to deliver value and solutions to our clients
and the investor community.”
About Esposito Securities
LLC
Our broker/dealer (http://www.espositosecurities.com) is a
financial firm trading various types of securities for
institutions. Committed to excellence, we contend with some of the
world’s largest securities firms, but when you trade with Esposito,
you are not just another number, you are part of the family. Our
approach is personal, intelligent, and thorough. We tailor our
dynamic platform to the specific needs of our clients.
The cornerstone of our success is a unique blend of advanced
trading technologies and extensive human networks which we combine
to provide our clients with premium, high-touch execution
services.
Equity trading and ETF services are offered through Esposito
Securities LLC, a broker-dealer, member FINRA/SIPC, The information
contained within is not a solicitation or an offer to buy or sell
any securities.
An investment in the Fund is subject to investment risk,
including the possible loss of principal. Before investing you
should carefully consider the Fund’s investment objectives, risks,
charges, and expenses. This and other information is in the
prospectus. A copy may be obtained by visiting www.paceretfs.com or
calling 1-877-337-0500. Please read the prospectus carefully before
investing.
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version on businesswire.com: https://www.businesswire.com/news/home/20180531005264/en/
MacMillan CommunicationsChris Sullivan/Rosa
Sobrino212-473-4442chris@macmillancom.com
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