A Keystone State firm's team is celebrating their fund family's copper and wool anniversary.
| Sean Edward O'Hara|
Pacer ETFs Distributors / Pacer Financial
President / Director
Earlier this week, Sean O'Hara
, president of Pacer ETFs Distributors
], and Joe Thomson
, founder and president of Pacer Financial, confirmed
that the Malvern, Pennsylvania-based shop's ETF family has crossed
the seven-year milestone. As of June 9, Pacer's 45 ETFs held $15.2 billion in AUM, up 47 percent in the last six months alone, and the firm has 126 employees. Watch for the Pacer team and ETF linesup to both expand in the coming 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," O'Hara states.
$8.2 billion (i.e. about 54 percent) of Pacer's ETF AUM is in its Pacer Cash Cows Index ETF Series
"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," Thomson states.
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