Pacer ETFs Expands Cash Cows Series with Launch of Developed Markets Growth Leaders ETF
22 March 2024 - 2:02AM
Business Wire
The firm adds the latest fund to the widely
successful Cash Cows series focused on international large- and
mid-cap equity names with high free cash flow
Pacer ETFs (“Pacer”), an ETF issuer focused on strategy-driven,
rules-based ETFs, announces today the launch of the Pacer Developed
Markets Cash Cows Growth Leaders ETF (NYSE: EAFG). The fund joins
the firm’s successful Cash Cows fund family, a series of ETFs
centered around free cash flow focused strategies.
The launch of this fund coincides with a new partnership between
Pacer and MSCI, as EAFG is the first of Pacer’s funds to screen
equity names using an MSCI Index. EAFG’s strategy tracks the Pacer
Developed Markets Cash Cows Growth Leaders Index, pulling the top
100 international large- and mid-cap securities in developed
markets with above-average free cash flow margin from the MSCI EAFE
Index. The fund supplements Pacer’s product lineup by providing an
international growth option alongside the firm’s US large-cap and
small-cap growth strategies, COWG and CAFG.
“As markets have been impacted by elevated interest rates and
geopolitical tensions, investors’ attention has shifted towards
resilient strategies like the high free cash flow approach of our
Cash Cows funds,” says Sean O’Hara, President of Pacer ETF
Distributors. “Launching EAFG aims to provide investors with a
novel growth opportunity that's designed to navigate the current
global landscape while leveraging names in developed markets beyond
our borders. This addition to our product lineup underscores our
firm's commitment to delivering diversified and impactful solutions
with investors’ goals in mind. We have found strategically
screening companies with the highest free cash flow margin over
time may produce higher current and future sales and earnings
growth.”
“The launch of EAFG not only marks the latest expansion of our
most successful series, but also represents a significant milestone
as our first collaboration with index provider MSCI,” adds Joe
Thomson, President of Pacer Financial. “We are continuously working
to strengthen our partnerships and innovate our product offerings
to address the changing dynamics of markets and help investors meet
their portfolio goals. We thank our investors and partners for
their loyal support as we drive this mission.”
The Cash Cows Series has found notable success through its
unique free cash flow approach, having amassed over $34 billion in
assets among its 9 funds following a 118.2% growth rate in
2023.
To learn more about Pacer’s strategies and fund offerings, visit
paceretfs.com.
About Pacer ETFs
Pacer ETFs is a strategy-driven exchange-traded fund provider
with 47 ETFs and over $41 billion in assets under management (as of
03/19/2024). Pacer ETFs is focused on addressing investors’ needs
through its six fund families, the Pacer Trendpilot® Series, Pacer
Cash Cows ETFTM Series, Pacer Custom ETF Series, Pacer Leaders ETF
Series, Pacer Factor ETF Series and Pacer Swan SOS ETF Series.
Pacer ETFs employs a rules-based, passive management approach to
track S&P, NASDAQ, FTSE Russell, and Custom Indexes. For more
information, please visit PacerETFs.com.
Disclosures
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 1-877-577-2000.
Please read the prospectus carefully before
investing.
An investment in the Funds is subject to investment risk,
including the possible loss of principal. Pacer ETF shares may be
bought and sold on an exchange through a brokerage account.
Brokerage commissions and ETF expenses will reduce investment
returns. There can be no assurance that an active trading market
for ETF shares will be developed or maintained. The risks
associated with these funds are detailed in the prospectus and
could include factors such as calculation methodology risk,
concentration risk, equity market risk, ETF risks, foreign
securities risk, large and mid-capitalization investing risk, new
fund risk, non-diversification risk, passive investment risk,
sector risk, tracking risk, and/or special risks of exchange traded
funds.
NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED
Distributor: Pacer Financial, Inc., member FINRA, SIPC, an
affiliate of Pacer Advisors, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20240321445331/en/
Media Trevor Davis Gregory FCA for Pacer ETFs
215-475-5931 trevor@gregoryfca.com Company Ashlee Thomson
for Pacer ETFs 610-981-6214 ashlee.thomson@pacerfinancial.com
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