MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, May 12, 2022 A $13B-AUM Shop Builds an Industry 4.0 Fund A $13-billion-plus-AUM shop's team is rolling out a passive fund focused on investing in "Industry 4.0," aka the "Fourth Industrial Revolution." Last week, Sean O'Hara, president of Pacer ETF Distributors [profile], and Joe Thomson, president and founder of Pacer Financial, unveiled the freshly launched Pacer BlueStar Engineering the Future ETF (BULD on the Nasdaq), a series of the Pacer Funds Trust. The new fund, whose inception date was May 4, now has $719,000 in AUM. BULD comes with an expense ratio of 60 basis points and tracks the BlueStar Robotics and 3D Printing Index. Pacer Advisors, Inc. is the investment advisor, Pacer Financial, Inc. is the distributor, and MV Index Solutions is the index provider. Bruce Kavanaugh, vice president at Pacer, and Michael Mack, investment analyst, PM the new fund. "This ETF could provide a new way for investors to capitalize on the next big technology revolution," Thomson states. The new fund's other service providers include: Practus LLP as counsel; Sanville & Company as independent accounting firm; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, fund accountant, index receipt agent, and transfer agent; and U.S. Bank National Association as custodian and securities lending agent. Printed from: MFWire.com/story.asp?s=64380 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |