MALVERN, PA — At the prestigious Mutual Fund & ETF Awards hosted by With Intelligence, Pacer ETFs stood out by securing the ETF Suite of the Year award for its innovative Pacer Cash Cows Index ETF Series. This accolade celebrates the suite’s outstanding performance, significant investor interest, and pioneering approach, setting a new benchmark in the ETF industry.
“We are honored to receive the ETF Suite of the Year award for our Cash Cows ETF Series,” said Sean O’Hara, President of Pacer ETF Distributors. He emphasized the recognition as a reflection of the firm’s dedication to offering inventive financial strategies that prioritize value and growth.
The Cash Cows Series distinguishes itself through a strategic focus on companies with high free cash flow yields and margins, metrics indicative of strong potential for dividend growth, earnings stability, profitability, and long-term capital gains. This rules-based, strategy-focused approach targets equity names capable of thriving in volatile markets, underlining Pacer’s commitment to identifying undervalued opportunities with growth prospects.
Throughout 2023, this approach has borne fruit, propelling the Cash Cows Series to surpass $35 billion in assets under management (AUM), a remarkable leap from $28 billion at the year’s start. The Pacer US Cash Cows 100 ETF (COWZ) stands as a testament to the series’ success, nearly doubling its AUM to over $18 billion within the year, demonstrating the investor confidence and market traction Pacer ETFs have garnered.
Joe Thomson, President of Pacer Financial, expressed pride in the firm’s trajectory of growth and innovation, which this award exemplifies. “This recognition underscores our dedication to delivering innovative and effective investment solutions,” Thomson remarked, highlighting the firm’s commitment to expanding its offerings and achieving new milestones.
The accolade not only underscores Pacer ETFs’ ingenuity and performance but also signals the growing investor appetite for strategic, value-driven investment options amidst uncertain market conditions.
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