Pacer ETFs Brings Leading Cash Cows ETF™ Series to European Market with Launch of Three UCITS ETFs
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Sean O’Hara, President of Pacer ETFs Distributors
Pacer ETFs, the leading U.S. issuer in free cash flow ETFs*, has announced the launch of three Cash Cows UCITS ETFs. This will give European investors access to some of the firm’s most successful strategies through the Euronext Dublin Exchange and the Euronext Amsterdam Exchange, in accordance with UCITS regulations:
- 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]
“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,” says Sean O’Hara, President of Pacer ETFs Distributors.
The Cash Cows Series has over $35 billion in assets following a year of notable performance and 118.2% growth in assets in 2023. This growth is largely spurred by the series’ standout ETF, COWZ, which grew from $12.5 billion to $20 billion in 2023. The success of these strategies catapulted Pacer’s total assets to over $43 billion after entering 2023 with just over $19 billion.
“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,” adds Bruce Kavanaugh, EVP Portfolio Manager of Pacer.
The UCITS ETFs are sub-funds of the Pacer ETFs ICAV, the firm’s Dublin-based collective asset-management vehicle authorized and regulated by the Central Bank of Ireland.
Source : ETFWorld.co.uk
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