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Pacer ETFs expands relationship with S&P Dow Jones Indices


Pacer ETFs has expanded its relationship with S&P Dow Jones Indices with a change in benchmark equity indices beginning 1 November, 2017.

Pacer’s large and mid cap Trendpilot ETFs and their underlying indices will now track indices calculated by S&P Dow Jones Indices, the world’s largest provider of index-based concepts, data and research.
The “Pacer Trendpilot 750 ETF” (PTLC) will be renamed the “Pacer Trendpilot US Large Cap ETF” and the “Pacer Trendpilot 450 ETF” (PTMC) will be known as the “Pacer Trendpilot US Mid Cap ETF.” The underlying index names will also reflect the new benchmark – the Pacer Trendpilot US Large Cap Index and the Pacer Trendpilot US Mid Cap Index. These indices will track the S&P 500® and the S&P MidCap 400 respectively when exposed to equities.
The ticker symbols for each fund will remain the same.
“S&P Dow Jones Indices is a household name in global finance and we’re proud to align our ETFs with such a well-recognised, well-respected name,” says Joe Thomson, President of Pacer Financial. “To offer unique strategies that add value to investors, we must start with the best possible indices. We believe we offer that across our ETF line.”
“Utilising S&P DJI’s indices will allow the funds to function more efficiently and reflects our desire to add transparency to our products. The well-known S&P-branded indices are easy for investors of any level of sophistication to access and track,” says Sean O’Hara, President of Pacer ETF Distributors.
Pacer ETFs’ products provide passive management strategies that allow investors to navigate turbulent markets. The Trendpilot series aims to offer downside protection for investors in the case of a prolonged market downturn, while still providing the opportunity for appreciation during sustained market rallies.
“S&P Dow Jones Indices is honored to expand its relationship with Pacer ETFs for its established ETF suite,” says Michael Mell, Director, Product Management, Custom Indices at S&P Dow Jones Indices. “As a calculation agent, S&P DJI enables market participants the opportunity to build index-based concepts and deploy a specialised, proprietary investment strategy while leveraging the experience of a global index provider.”
PTLC and PTMC both employ the same trend following strategy that alternates exposure between an S&P Dow Jones Indices benchmark index, three-month US Treasury bills or a 50/50 split using three indicators.

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