MutualFundWire.com: 8 Years, 47 ETFs, $24B In AUM

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Wednesday, June 14, 2023

8 Years, 47 ETFs, $24B In AUM

The folks at an ETF shop are celebrating their fund family's bronze, linen, and lace anniversary.

Sean Edward O'Hara
Pacer ETFs Distributors / Pacer Financial
President / Director

On Monday, Joe Thomson, founder and president of Pacer Financial, and Sean O'Hara, president of Pacer ETFs Distributors, confirmed that the Malvern, Pennsylvania-based firm's ETF family has reached its eighth birthday. As of June 9, Pacer's 47 ETFs had $24 billion in AUM, supported by a team of 150 employees. Per ETF.com's June 8 "ETF League Table," in the U.S. Pacer is now the 17th biggest ETF issuer and the 16th biggest ETF brand.

Since Pacer ETFs' seventh birthday last year, the fund family's AUM has climbed 58.6 percent ($8.9 billion), its team has grown by 19 percent (24 people), and its ETF lineup has expanded by 4.4 percent (2 funds). Pacer ETFs' AUM now translates into about $511 million per fund, up from about $338 million per fund a year ago.

"What separates us from other ETF issuers is our entrepreneurial mindset, client-first focus and flexible approach to delivering new and exciting strategies," O'Hara states.

Looking ahead, Thomson hints at continuing to add "unique strategies and leveraging new partnerships."

"I am incredibly proud of our team at Pacer for what we have accomplished in less than a decade and deeply thankful to our partners and investors for their support along the way," Thomson states.

Printed from: MFWire.com/story.asp?s=66090

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