A $15.7-billion-AUM, 45-ETF (as of August 1) fund firm's team is celebrating a big milestone for a two-year-old suite of products.
| Sean Edward O'Hara|
Pacer ETFs Distributors / Pacer Financial
President / Director
Earlier this month, Sean O'Hara
, president of Pacer ETF Distributors
, and Joe Thomson
, founder and president of Pacer Financial
that the Pacer Factor ETF Series
the $1-billion-AUM line. They note that the series has brought in about $450 million of that AUM in 2022 alone, a year-to-date increase of about 82 percent.
The series includes three funds: the Pacer Lunt Large Cap Alternator
(ALTL), which had about $871 million in AUM as of yesterday; the Pacer Lunt Large Cap Multi-Factor Alternative ETF
(PALC), which had about $243 million in AUM as of yesterday; and the Pacer Lunt MidCap Multi-Factor Alternator ETF
(PAMC), which had about $35 million in AUM as of yesterday. All three ETFs are powered by indexes from index provider Lunt Capital Management, Inc.
, with Pacer's own Bruce Kavanaugh
(vice president) and Michael Mack
(investment analyst) co-PMing each fund. All three funds debuted
on the same day back in June 2020.
"We have seen a rapid increase in demand for this fund family due to its ability to rotate between factors in an attempt to take advantage of opportunities in today's fast-changing market," O'Hara states.
"The growth of the Factor series, and Pacer in general, is based on the resiliency of our strategies and our emphasis on strategic partnerships," Thomson states.
The milestone comes after the Pacer team celebrated
the seven-year anniversary of their ETF business earlier this year.
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