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. 
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE