A $13-billion-plus-AUM shop's team is rolling out a passive fund focused on investing in "Industry 4.0," aka the "Fourth Industrial Revolution."
Last week, Sean O'Hara
, president of Pacer ETF Distributors
], and Joe Thomson
, president and founder of Pacer Financial, unveiled
the freshly launched Pacer BlueStar Engineering the Future ETF
(BULD on the Nasdaq
), a series of the Pacer Funds Trust
. The new fund, whose inception date was May 4, now has $719,000 in AUM.
BULD comes with an expense ratio of 60 basis points and tracks the BlueStar Robotics and 3D Printing Index
. Pacer Advisors, Inc. is the investment advisor, Pacer Financial, Inc. is the distributor, and MV Index Solutions
is the index provider. Bruce Kavanaugh
, vice president at Pacer, and Michael Mack
, investment analyst, PM the new fund.
"This ETF could provide a new way for investors to capitalize on the next big technology revolution," Thomson states.
The new fund's other service providers include: 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.
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