MALVERN, Pa.--(BUSINESS WIRE)--Pacer ETFs (“Pacer”), an ETF provider that offers strategy-driven, rules-based ETFs, announces they have surpassed $9 billion in assets under management (AUM) after just surpassing the $8 billion mark in July. Additionally, Pacer has just announced the acquisition of Pacific Global ETFs’ fund, the Pacific Global Senior Loan ETF (ticker: FLRT). Effective immediately, the fund will be renamed the Pacer Pacific Asset Floating Rate High Income ETF. The ticker will remain the same and the annual expenses will be lowered.
“Our rapid growth over this short period speaks to the unique investment opportunities we offer, as well as the efforts of our team,” says Pacer ETFs Distributors President Sean O’Hara. “Through the addition of FLRT, we hope to provide a unique fixed-income strategy to advisors who are seeking an attractive solution in a yield-starved environment, especially one designed for a rising-rate world.”
Since the beginning of 2021, Pacer has added 13 funds and brought in over $3.3 billion in assets. Pacer’s most recent acquisition represents the firm’s resiliency and commitment to providing investors and advisors with unique strategies. The goal of FLRT is to offer investors a high level of current income by investing predominantly in floating-rate loans of non-investment-grade companies, which can serve as both an income driver and a hedge against rising interest rates. One key difference of the FLRT strategy will be that, in addition to investing in senior floating-rate loans, the ETF will now also invest in other adjustable-rate securities.
“We are pleased to work with Pacific Asset Management to enhance the fund’s strategy and deliver a unique ETF to a wider audience of advisors and investors,” shares Joe Thomson, founder and president of Pacer Financial. “I’d like to recognize and thank all of our advisors, investors and partners who have supported Pacer over time. We appreciate your support and look forward to creating even more relationships and offering more leading solutions that meet your needs.”
Pacific Asset Management will actively sub-advise the fund. In the upcoming weeks, Pacer is looking forward to continuing to expand in AUM, funds and distribution efforts.
For more information on Pacer ETFs, please visit PacerETFs.com.
About Pacer ETFs
Pacer ETFs is a strategy-driven exchange-traded fund provider with 42 ETFs and over $9 billion in assets under management, as of Oct. 21, 2021. Pacer ETFs is focused on addressing investors’ needs through its six fund families: the Pacer Trendpilot® Series, Pacer Cash Cows Index® Series, Pacer Custom ETF Series, Pacer Leaders ETF Series, Pacer Factor ETF Series and Pacer Swan SOS ETF Series.
For more information, please visit PacerETFs.com.
Disclosures
Before investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus. A copy may be obtained by visiting www.paceretfs.com or calling 1-877-577-2000. Please read the prospectus carefully before investing.
An investment in the Funds is subject to investment risk, including the possible loss of principal. Pacer ETF shares may be bought and sold on an exchange through a brokerage account. Brokerage commissions and ETF expenses will reduce investment returns. There can be no assurance that an active trading market for ETF shares will be developed or maintained. The risks associated with this fund are detailed in the prospectus and could include factors such as floating rate loan risk, CLO risk, asset-backed securities risk, CMBS risk, high yield securities risk, fixed income risk, LIBOR risk, foreign securities risk, market risk, ETF risks, liquidity risk, privately issued securities risk, management risk, sector risk and small fund risk.
NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED
Distributor: Pacer Financial, Inc., member FINRA, SIPC, an affiliate of Pacer Advisors, Inc.
