MALVERN, PA — In a notable industry accolade, the Pacer US Small Cap Cash Cows 100 ETF (CALF) has clinched the ETF of the Year award at etf.com’s 2024 ceremony. This prestigious recognition is awarded to exchange-traded funds (ETFs) that have significantly enhanced investor opportunities and outcomes over the past year.
Sean O’Hara, President of Pacer ETF Distributors, expressed gratitude for the award, highlighting the company’s dedication to offering innovative financial products. Specifically, he noted the fund’s focus on high free cash flow yield as a strategy that offers investors a unique approach to navigating complex market conditions.
The Pacer US Small Cap Cash Cows 100 ETF employs a passive, strategy-driven approach, meticulously selecting the top 100 companies from the S&P SmallCap 600® based on their free cash flow yield. This metric is crucial as it can indicate a company’s financial stability and potential for earnings growth, making CALF an attractive option for value-driven investors.
Joe Thomson, President of Pacer ETFs, also acknowledged the success of the Cash Cows Family of ETFs and thanked partners and investors for their support and belief in the firm’s ability to meet portfolio objectives.
The ETF’s performance speaks volumes, with a 385% increase in assets under management from $1.3 billion at the beginning of 2023 to $6.6 billion by year’s end, further ballooning to $9.2 billion as of April 17, 2024. Impressively, CALF outperformed 98% of its small-cap value peers in 2023, posting a 32% gain during a period when large-cap tech stocks predominantly drove market performance.
With a 5-star Overall Morningstar Rating as of December 31, 2023, CALF stands out in the Small Value category among 456 funds, demonstrating not only exceptional past performance but also promising potential for investors seeking solid returns outside the large-cap space.
This award and CALF’s outstanding performance highlight the growing investor appetite for strategic, value-focused investment opportunities amidst evolving market dynamics. It emphasizes the importance of innovative ETF strategies in providing diversified options for investors aiming to enhance their portfolios.
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