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Pacer ETFs doubles AUM in 2017

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Pacer ETFs more than doubled its total AUM in 2017 from USD734.61 million at the start of the year to USD1.56 billion by 29 December.

The firm also successfully launched three new funds during the year, the Pacer Developed Markets International Cash Cows 100 ETF (ICOW), the Pacer US Small Cap Cash Cows 100 ETF (CALF) and the Pacer WealthShield ETF (PWS).
 
Pacer ETFs enlisted Citi and S&P Dow Jones Indices to bring enhanced strategies and index-based management approaches to current and future products, and hired Senior Vice President Phil Eichinger, to strengthen its wholesaling efforts.
 
“The new product launches, AUM growth and newly formed relationships highlight the accomplishments we had in 2017 as a company seeking to provide investors with strategies that add value to their portfolios,” says Sean O’Hara, President of Pacer ETFs. “Our ETFs have grown rapidly in popularity, all thanks to our dedication to capitalising on new opportunities while providing great service to our clients.”
 
“Pacer ETFs made great strides in 2017 in the ETF industry,” says Joe Thomson, President of Pacer Financial Inc. “We are well positioned for 2018 and are looking forward to the New Year.”

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