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Pacer ETFs expands into the European market with the launch of three new funds

MALVERN, PA — Pacer ETFs has announced the recent launch of three Cash Cows UCITS ETFs, marking the company’s entry into the European market. This expansion gives European investors access to some of Pacer’s most successful investment strategies through the Euronext Dublin Exchange and the Euronext Amsterdam Exchange. This step is in line with UCITS regulations and ensures compliance with European investment standards.

The newly launched ETFs include:

  • Pacer US Cash Cows 100 UCITS ETF (COWZ)
  • Pacer Developed Markets International Cash Cows 100 UCITS ETF (ICOW)
  • Pacer Global Cash Cows Dividend UCITS ETF (GCOW)

Sean O’Hara, President of Pacer ETFs Distributors, highlighted the strategic intent behind the expansion, noting: “By entering the European market, we aim to serve a broader audience of investors and advisors looking to tap into the opportunities offered by these free – provide cash flow focused funds.”

This expansion follows a year of significant growth for the Cash Cows Series, which oversees more than $35 billion in assets. This includes an impressive asset growth of 118.2% in 2023, driven by the standout performance of the COWZ ETF, which saw its assets rise from $12.5 billion to $20 billion in one year. Such success has significantly strengthened Pacer’s overall asset management portfolio, increasing its total assets from just over $19 billion at the beginning of 2023 to over $43 billion.

Bruce Kavanaugh, Pacer EVP Portfolio Manager, emphasized the importance of this move, saying, “Our entry into this new market is more than just geographic expansion; it is a step forward with our advisor community, sharing innovative strategies that have defined our business, helping investors achieve their financial goals.”

The introduction of the Cash Cows UCITS ETFs in Europe represents a pivotal moment for Pacer ETFs. By utilizing the UCITS (Undertakings for Collective Investment in Transferable Securities) regulatory framework, which are widely recognized for their high level of investor protection, Pacer not only adheres to strict European standards, but also opens the door to a vast new market. The UCITS ETFs are structured as sub-funds of the Pacer ETFs ICAV, a Dublin-based collective asset management vehicle authorized and regulated by the Central Bank of Ireland.

Pacer’s strategic expansion into Europe underlines the growing importance of international diversification and innovative investment strategies in today’s dynamic financial landscape. By offering products that focus on free cash flow, Pacer ETFs aim to attract European investors looking to benefit from the resilience and potential growth of cash-rich companies. This move not only facilitates broader access to Pacer’s proven investment methodologies, but also reflects the company’s commitment to meeting the evolving needs of investors around the world.

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