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Pacer ETFs launches new fund focused on veteran-friendly companies


Pacer ETFs has launched the Pacer Military Times Best Employers ETF (VETS), which seeks to track the total return performance of the Military Times Best for VETS Index before fees and expenses.

The Index is calculated by Wilshire and owned and developed by VETS Indexes. Pacer will also donate 10 per cent of its management fees earned from VETS to veteran-related charities.
“Pacer ETFs strongly believes that America’s military and veterans exemplify the best part of our country. Companies that treat veterans well should be recognised for their care and support of our best and brightest. Doing so through our new ETF is a unique and wonderful way to spotlight these companies, while also helping charities that support our nation’s heroes,” says Sean O’Hara, President of Pacer ETFs.
The Military Times is a trusted independent source for America’s military and its veterans. Each year, it announces the results of the Military Times Best for Vets: Employers Survey, which ranks companies based on their military recruitment efforts, corporate culture, reservist policies and military and veteran family policies.
Companies included in VETS have been named in the Best for Vets list for three consecutive years, have a market cap of at least $200 million and meet a certain liquidity threshold.
Joe Thomson, founder and president of Pacer Financial, served as a 1st Lieutenant in the US Army from July 1966 to June 1969. He also has a nephew currently serving as a Captain in the US Navy.
“The years I served in the military provided me with the discipline and real-world education needed to succeed throughout my career. In creating our new ETF, we are spotlighting companies that do more than just appreciate America’s veterans. They also understand that America’s military develops amazing employees. Companies with a culture that supports veterans have proven themselves to be among the most well-run,” Thomson says.

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