Bringing you live news and features since 2006 

Pacer ETFs launches new fund focused on veteran-friendly companies

RELATED TOPICS​

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.

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Jigna Gibb, Bloomberg
Bloomberg Indices has recently hired Jigna Gibb as Head of Commodities and Crypto Index Products, to lead its commodities and...
Robert Minter, director of ETF investment strategy at abrdn takes a look at passive investing in commodities and shares his...
Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by