MutualFundWire.com: An Eight-Year-Old Shop Reaches $30B In AUM

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Tuesday, November 21, 2023

An Eight-Year-Old Shop Reaches $30B In AUM

A Keystone State ETF shop's team is celebrating a milestone in their growth.

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

Last Thursday, Sean O'Hara, president of Pacer ETFs Distributors [profile], confirmed that the Malvern, Pennsylvania-based firm has now surpassed "another incredible milestone": $30 billion in AUM. The news comes five months after the Pacer team celebrated their ETF family's eighth birthday, and their AUM has since climbed by $6 billion. (Their AUM is up $10 billion year-to-date.)

"In a year impacted by notable market and economic challenges, our suite of strategy-driven, rules-based ETFs have continued to provide investors unique solutions to navigate these uncertain markets," O'Hara states. "This is incredible momentum heading into 2024."

Pacer now offers 47 ETFs. Yet one fund, the Pacer U.S. Cash Cows 100 ETF (COWZ) accounts for about 53 percent ($16 billion) of the firm's AUM.

Printed from: MFWire.com/story.asp?s=66718

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