Strategy-based exchange-traded fund provider Pacer ETFs has reached more than $1 billion in assets under management just two years after the launch of the firm’s first ETFs.

Sean O’Hara, president of Pacer ETF Distributors.

Sean O’Hara, President of Pacer ETF Distributors, commented: “It’s an exciting time to be at Pacer. We’ve achieved a major milestone, crossing the $1bn threshold just as we’re turning two years old, and we’ve only just scraped the surface of our potential. Our goal is to offer timely solutions to help investors maintain wealth and achieve higher returns over time. However, reaching this milestone wouldn’t have been possible without the hard work and dedication of our team and our partners; BATS, Wilshire, NASDAQ, FTSE Russell, and US Bank.”

Pacer offers the Trendpilot and Cash Cows series of ETFs.

The Pacer Trendpilot ETF series is based on a trend-following strategy that alternates exposure between a benchmark index and 3-Month US Treasury Bills based on three indicators. The suite includes US large-cap, mid-cap, and European equity ETFs.

The Cash Cows ETFs invests in companies with the highest free cash flow yields within their respective universes. Proponents of the strategy highlight that the metric is important because it shows the amount of funds which a company possesses to pursue opportunities that enhance shareholder value. There are two ETFs within the range, targeting global or US large caps.