Pacer ETFs is expanding its bet on cash-rich stocks, launching two new funds covering mid- and small-cap U.S. stocks with a history of steady free cash flow.
The newest launches — the Pacer S&P MidCap 400 Quality FCF Aristocrats ETF (BATS:MCOW) and the Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF (BATS:SCOW) — expand the company’s “Free Cash Flow Aristocrats” franchise beyond large caps. Both ETFs track new S&P Dow Jones Indices benchmarks that are aimed at highlighting financially sturdy companies outside the elite market capitalization tier.
