MALVERN, PA — Pacer ETFs, a leading strategy-driven exchange-traded fund provider, recently announced a significant milestone: the firm has amassed $30 billion in assets under management (AUM) as of November 14, 2023. This achievement comes merely four months after the firm surpassed $25 billion AUM in July, marking an impressive $5 billion inflow during a period of mostly sideways market movement.
Founded in 2015, Pacer ETFs now offers 47 ETFs and continues to grow rapidly. The firm’s six fund families – the Pacer Trendpilot® Series, Pacer Cash Cows Index® Series, Pacer Custom ETF Series, Pacer Leaders ETF Series, Pacer Factor ETF Series, and Pacer Swan SOS ETF Series – cater to a variety of investor needs, employing a rules-based, passive management approach to track S&P, NASDAQ, FTSE Russell, and Custom Indexes.
“Reaching the $30 billion mark in assets under management stands as a testament to our team’s commitment to client service and innovative investment solutions,” said Sean O’Hara, President of Pacer ETF Distributors. “Despite notable market and economic challenges this year, our range of strategy-driven, rules-based ETFs has continued to provide unique solutions for investors navigating these uncertain markets.”
The firm’s largest fund family, the Pacer Cash Cows Index® ETF Series, has been a key driver of growth. This series, which seeks to deliver capital appreciation by investing in companies with high free cash flow yield, has seen significant success, with the Pacer US Cash Cows 100 ETF (COWZ) alone growing to over $16 billion. The series’ growth to approximately $23.65 billion across the family of funds reflects heightened investor demand for value-driven strategies focusing on high free cash flow.
Joe Thomson, Founder and President of Pacer Financial, expressed pride in the team’s achievements. “Our commitment to quality and client-centric values drives us forward, along with the relationships we’ve formed with our clients, partners, and investors,” he said. “We are very appreciative to all the financial advisors who utilize our ETFs and look forward to what 2024 will bring to the Pacer family.”
Pacer’s commitment to strategy-focused, rules-based ETFs has positioned the firm as a dynamic industry player. Its remarkable fund inflows across all fund families over the past year underscore its strong growth trajectory and dedication to serving investor needs.
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