ETF issuer Pacer is celebrating its seventh birthday, having seen assets under management rise by USD5 billion since January 2022, pushing its total AUM to USD15.2 billion (as of June 9, 2022). despite broader market headwinds. Pacer’s assets have grown by 47 per cent over the last six months.
“Even amid market volatility, our broader suite of ETFs have been able to provide investors with attractive ways to play the market, whether that is through unique themes or risk-managed products,” says Pacer ETFs Distributors President Sean O’Hara. “We are centred around offering ETF products that meet investor needs and anticipate widespread trends that can disrupt markets. We plan to continue on this path and help our clients through any market conditions this year and onward.”
Since Pacer’s inception in 2015, the firm has grown its offerings to 45 ETFs while expanding internally. To support the growth of the firm and meet advisor demand, Pacer has added 26 external wholesalers since this time last year and continues to expand its third distribution network outside of independent and wirehouse channels. Pacer’s total number of employees now sits at 126, a 36 per cent jump from this time last year.
The firm writes that its asset raising milestones include gaining USD5.2 billion in AUM since crossing the USD10 billion mark at the end of December 2021.
The Pacer Cash Cows Index ETF Series has become Pacer’s largest ETF family, with USD8.2 billion in assets under management as of June 9, 2022. This growth has been driven by the Pacer US Cash Cows 100 ETF (COWZ), which accounts for USD6.5 billion of those assets, most of which have been accumulated over the past year.
The new ETFs include:
The Pacer Industrials and Logistics ETF (SHPP) and the Pacer Data and Digital Revolution ETF (TRFK), which both aim to invest in the underlying trends driving the evolution of supply chains and the development of data transmission and the digital revolution.
The Pacer BlueStar Engineering of the Future ETF (BULD) aims to follow technology, manufacturing and engineering companies spearheading the “The Fourth Industrial Revolution.”
The Pacer BlueStar Digital Entertainment ETF which aims to follow companies involved in online gambling, video game development, eSports events and streaming services, and related hardware manufacturers.
“Pacer’s rapid growth would not be possible without our dedicated team of internal and external wholesalers and everyone else in between, who have been instrumental in the firm’s development since inception,” says Joe Thomson, founder and president of Pacer Financial. “We are proud to celebrate these achievements and would like to thank the financial advisers, investors and partners who have supported our growth.”