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RevenueShares Investor Services adds financial sector fund

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RevenueShares Investor Services, a division of Pacer Financial, has added the RevenueShares Financials Sector Fund to its revenue-ranked index ETF line-up.

RevenueShares Investor Services, a division of Pacer Financial, has added the RevenueShares Financials Sector Fund to its revenue-ranked index ETF line-up.

The fund will track and rebalance its corresponding Standard & Poor’s Index: the S&P 500 Financials Index. The offering will trade on the New York Stock Exchange Arca.

Sean O’Hara, President of RevenueShares Investor Services, says: ‘This offering is a complement to our existing broad-based funds and gives investors targeted access with the upside of revenue-weighting. Rebalancing by revenue offers less exposure to the impact of inefficiencies that occur in a market capitalization-weighted index, while adding the potential for excess returns.’

The fund will be maintained annually by Standard & Poor’s. The Bank of New York will provide additional investor fund services such as administrator, custodian and transfer agent.

The investment adviser for the ETF offerings will be VTL Associates.

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