The ETF provider, Pacer ETFs, has just announced the celebration of $10 billion assets under management (AUM) for their Pacer Cash Cow ETF series. The Cash Cow ETF series consists of seven ETFs that all follow different strategies of high-free-cash-flow which benefit in a rising-rate and inflated market. The Pacer US Cash Cows 100 ETF (COWZ) is the top ETF in the series accruing $7 billion of the AUM on its own. A quote from the president Pacer ETFs states, “Pacer’s Cash Cow Series has proven to be a valuable investment offering for advisors and investors as they face a historically volatile market.”
The milestone brings Pacer ETFs total AUM to almost $17 billion.