After the success of their first ETF, the Pacer US Cash Cows 100 ETF (COWZ), Pacer has announced plans to launch a second fund. Similar to COWZ the new fund would be a US Large Cap Cash Cows Growth Leaders ETF. If launched the fund plans to run a passive strategy with a portfolio comprised of Russell 1000 companies that have high free cash-flow margins.
ETF Newz Says:
The new offering from Pacer looks to expand on their original “cash cow” strategy.