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Pacer ETFs launches US Cash Cows


Pacer ETFs has launched an exchange traded fund (ETF) designed to capture the highest free-cash-flow producing companies in the US: the Pacer US Cash Cows 100 ETF (COWZ).

The fund has listed on the Bats Global Markets ETF Marketplace.
COWZ uses an objective, rules-based methodology to provide exposure to the top 100 companies in the US large-cap Russell 1000 Index with high free cash flow yield.
Laura Morrison, senior vice president, global head of exchange-traded products, Bats, says: “Pacer ETFs continues to launch funds that invigorate the market with a fresh and intelligent perspective. The COWZ ETF launches at a time when investor focus on high quality companies is particularly sharp and I am proud Pacer has chosen the Bats ETF Marketplace as its listing venue.”
The fund tracks the Pacer US Cash Cows 100 Index which screens equities based on their average projected free cash flows and earnings, if available, over two fiscal years. The companies are ranked by their trailing twelve month free cash flow yield and the 100 companies with the highest free cash flow yields are included in the index.
“The Pacer US Cash Cows strategy captures an innovative and relatively untapped segment of the market by focusing on US companies with a high free cash flow yield and we’re incredibly excited to make it available to individual investors and advisors,” says Sean O’Hara, president of Pacer ETF Distributors. “High quality, high free-cash-flow yielding companies are an important part of a well-balanced portfolio because of their ability to sustain and grow income while also providing an opportunity for capital appreciation over time.”
Ron Bundy, CEO of North America benchmarks for global index provider FTSE Russell, says: “Using a free cash flow screen to provide exposure to the top 100 companies in the Russell 1000 allows investors to track high quality US large cap companies with the potential for long term capital appreciation. We are happy to expand our relationship with Pacer and add the Pacer US Cash Cows 100 Index to the group of indexes we support for Pacer.”
Joe Thomson, chairman and president of Pacer ETFs, adds: “With the Pacer US Cash Cows 100 ETF, investors have easy access to high quality US companies. In addition, this product may act as a complement to its sister fund, Pacer Global High Dividend ETF (PGHD) which launched in February 2016.”

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