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 |
|
Friday, September 27, 2024 With 3 Debuts, a $45B-AUM AM Targets Dividends, Global Growth, and Patents The folks at a $45-billion-AUM (as of August 15), Mid-Atlantic fund firm recently rolled out new index funds focused on dividends, global growth, and patent valuations, as expected. The three new ETFs already have more than $8.1 million in AUM.
The Pacer team revealed plans (but not timing) for the launch of PATN, GLBL, and QSIX last month when preparing to launch another index fund, as previously reported. QSIX's inception date was Monday (September 23), and it comes with an expense ratio of 60 basis points. As of yesterday (September 26), it had $6.433 million in AUM. GLBL and PATN's inception date was one week earlier (September 16), and they each come with an expense ratio of 65bps. As of yesterday, PATN had about $835,000 in AUM, and GLBL had about $823,000. Metaurus also serves as index provider for QSIX, Solactive AG serves as index calculation agent, and Metaurus' Brendan Greenwald (managing director) and Richard P. Silva, Jr. (senior managing director) serve as its portfolio managers. The fund is designed to track the Metaurus Nasdaq Dividend Multiplier Total Return Index - Series 600, and the idea is to offer investors six times the Nasdaq-100's dividend yield, plus "modestly reduced exposure" to the Nasdaq-100's overall performance. "Investors are eager for income while aiming to capture the long-term capital appreciation that an index like the Nasdaq offers," O'Hara states. Thomson notes that Pacer already teams up with Metaurus on another "dividend multiplier ETF": QDPL, a three-year-old fund that now has more than $520 million in AUM. "We've been really pleased with our partnership with Metaurus," Thomson states. "With QSIX we see an equally compelling opportunity that we did with QDPL, to deliver investors and advisors an innovative way to generate income while maintaining equity exposure to a core index." MSCI Index Metrics serves as index provide for GLBL, while Nasdaq, Inc. does the same for PATN. PATN is designed to track the Nasdaq International Patent Leaders Index, while GLBL is designed to track the MSCI World Ricardo Comparative Advantage Select GDP Tilted Index. Pacer's Bruce Kavanaugh (vice president) and Danke Wang (PM) serve as PATN and GLBL's PM team. O'Hara describes GLBL as a way for investors "to tap into key forces in global markets." "For investors looking to strengthen their global investment strategy, companies that offer a competitive advantage, often developed by decades of success and leadership, present a compelling opportunity," O'Hara states. As for the launch of PATN, Thomson says "investors need new, more effective ways to access international markets, as traditional strategies lack differentiation." O'Hara warns that investors "lack options to capture" returns from "impressive innovation in international markets." "Up to this point, no one has applied the concept of patent valuation as a way to identify companies that exhibit growth characteristics and I'm exceptionally proud of the Pacer Team for leading the charge with this new fund," Thomson states. "By looking beyond traditional metrics and identifying international innovation leaders, we believe we can offer a better way to tap into ex-U.S. growth for investors," O'Hara states. "We remain committed to maintaining this growth trajectory, and further establishing our dedication to innovation and our ability to meet investors' evolving portfolio goals," Thomson states. GLBL, PATN, and QSIX are all series of Pacer Funds Trust. The trio's 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=67967 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
