MALVERN, PA — Pacer ETFs has unveiled its latest investment vehicle, the Pacer Nasdaq-100 Top 50 Cash Cows Growth Leaders ETF (Nasdaq: QQQG). This new addition to the Cash Cows Growth Series targets the top 50 large-cap growth companies within the Nasdaq-100 Index, selected for their high free cash flow margins. These criteria aim to identify firms with robust current and potential sales and earnings growth, offering a distinctive strategy for investors focused on growth opportunities.
Sean O’Hara, President of Pacer ETF Distributors, emphasized the fund’s unique position, stating, “Growth opportunities are a critical component of a well-rounded investment portfolio, but many growth-oriented funds are often similar in their underlying holdings and approaches.” Joe Thomson, President of Pacer Financial, added, “We’ve launched this new fund to provide investors with a new avenue to access these opportunities and further our goal of bringing investors unique solutions to meet their investing goals.”
With the launch of QQQG, Pacer now boasts a portfolio of 48 ETFs, managing over $45 billion in assets. The firm has seen substantial growth, beginning the year with $35 billion in assets, reflecting a 29% increase year-to-date as of mid-August 2024. This expansion exemplifies Pacer’s efforts to evolve its fund offerings to meet diverse investor needs and deliver effective, rules-based strategies for portfolio management.
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