MALVERN, PA — Pacer ETFs has announced the recent launch of three Cash Cows UCITS ETFs, marking the firm’s entry into the European market. This expansion allows European investors access to some of Pacer’s most successful investment strategies through the Euronext Dublin Exchange and the Euronext Amsterdam Exchange. The move aligns with UCITS regulations, ensuring compliance with European investment standards.
The newly launched ETFs include:
- Pacer US Cash Cows 100 UCITS ETF [COWZ]
- Pacer Developed Markets International Cash Cows 100 UCITS ETF [ICOW]
- Pacer Global Cash Cows Dividend UCITS ETF [GCOW]
Sean O’Hara, President of Pacer ETFs Distributors, highlighted the strategic intent behind the expansion, noting, “By entering the European market, we aim to serve a broader demographic of investors and advisors who are looking to tap into the opportunity these free-cash-flow focused funds offer.”
This expansion comes on the heels of a year of significant growth for the Cash Cows Series, which oversees more than $35 billion in assets. This includes an impressive 118.2% asset growth in 2023, propelled by the standout performance of the COWZ ETF, which saw its assets swell from $12.5 billion to $20 billion within a single year. Such success has significantly bolstered Pacer’s overall asset management portfolio, catapulting its total assets to over $43 billion from just over $19 billion at the start of 2023.
Bruce Kavanaugh, EVP Portfolio Manager of Pacer, emphasized the significance of this step, stating, “Our entrance into this new market is more than just geographical expansion; it’s a step forward with our advisor community, sharing innovative strategies that have defined our firm allowing investors to achieve their financial goals.”
The introduction of the Cash Cows UCITS ETFs in Europe represents a pivotal moment for Pacer ETFs. By leveraging the regulatory framework of UCITS (Undertakings for Collective Investment in Transferable Securities), which are widely recognized for their high level of investor protection, Pacer not only adheres to stringent European standards but also opens the door to a vast new market. The UCITS ETFs are structured as sub-funds of the Pacer ETFs ICAV, a Dublin-based collective asset-management vehicle authorized and regulated by the Central Bank of Ireland.
Pacer’s strategic expansion into Europe underscores the growing importance of international diversification and innovative investment strategies in today’s dynamic financial landscape. By offering products that focus on free-cash-flow, Pacer ETFs aims to attract European investors seeking to capitalize on the resilience and potential growth of cash-rich companies. This move not only facilitates wider access to Pacer’s proven investment methodologies but also reflects the firm’s commitment to meeting the evolving needs of investors across the globe.
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