Pacer’s Cash Cows Milk $6 Billion From Its Investors
Pacer ETFs has seen nearly $6 billion in inflows across its Pacer Cash Cows Index ETF Series over one year as of May 23. As a result, the Pacer US Cash Cows 100 ETF (COWZ), which invests in large-caps, has now become the firm’s largest fund based on assets under management, with $5.5 billion in assets as of May 23. COWZ is a strategy-driven ETF aiming to provide capital appreciation over time by screening the Russell 1000 for the top 100 companies based on free cash flow yield.
Source: https://etfdb.com/news/2022/05/26/pacer-s-cash-cows-milk-6-billion-from-its-investors/
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