Pacer ETFs Cash Cows Index ETF Series has seen over $6B in inflows year-to-date with most of it coming from the Pacer US Cash Cows 100 ETF (COWZ) which has seen more than $5.5B in assets, making it Pacer’s largest fund. COWZ aims to give investors capital appreciation by looking through the Russell 1000 to find 100 companies that have the highest free cash flow yield. A quote from Pacer ETFs states, “We’ve long believed that investing in companies that generate strong free cash flow can be an attractive approach for value-seeking investors, particularly in a volatile environment.”