MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, August 21, 2024 Pacer Births Cash Cow #11, And ... The team at a $45-billion-AUM (as of August 15, up from $41 billion on March 19), Keystone State fund firm is adding an eleventh fund to a $37-billion-AUM suite. And they're preparing to launch a trio of ETFs outside that suite, too.
Pacer Advisors, Inc. will serve as investment advisor to all four aforementioned ETFs, which will be passively managed series of Pacer Funds Trust. Bruce Kavanaugh, vice president at Pacer, and Danke Wang, portfolio manager, will serve as the PM team for PATN, GLBL, and QQQG, while Brendan Greenwald, managing director of Metaurus Advisors LLC, and Richard Silva, senior managing director of Metaurus, will serve as the PM team for QSIX. QQQG comes with an expense ratio of 49 basis points. The fund's inception date was Monday (August 19), and as of yesterday it had about $826,000 in AUM. It is designed to track the Pacer Nasdaq-100 Top 50 Free Cash Flow Margin Index, and Pacer affiliate Index Design Group (IDG) is the index provider. QSIX will come with an expense ratio of 60bps. It will track the Metaurus Nasdaq Dividend Multiplier Total Return Index - Series 600, with Metaurus serving as index provider and subadvisor. GLBL and PATN will come with expense ratios of 65bps. PATN will track the Nasdaq International Patent Leaders Index, from index provider Nasdaq, Inc. GLBL will track the MSCI World Ricardo Comparative Advantage Select GDP Tilted Index, from index provider MSCI Index Metrics. O'Hara, in discussing QQQG, notes that "many growth-oriented funds are often similar in their underlying holdings and approaches." "We've launched this new fund to provide investors with a new avenue to access these opportunities and further our goal of bringing investors unique solutions to meet their investing goals," O'Hara states. The new and planned funds' other service providers include: Pacer Financial Inc. as distributor; 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=67812 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
