MALVERN, Pa.--(BUSINESS WIRE)--Pacer ETFs (“Pacer”), an ETF provider that offers passive rules-based strategies, has announced the acquisition of the American Energy Independence ETF (ticker: USAI). This development commemorates the fund’s two-year anniversary and represents Pacer’s first acquisition of an existing ETF. As of today, the ETF has been renamed to the Pacer American Energy Independence ETF.
This fund offers investors exposure to the growth potential of infrastructure development supporting domestic energy supplies. Analysts anticipate that through 2025, the U.S. will continue its leadership as the world’s largest oil and gas producer, accounting for almost 20% of global oil production and 25% of natural gas production. The passively managed Pacer USAI fund capitalizes on this trajectory by following the American Energy Independence Index, composed of U.S. and Canadian midstream energy infrastructure companies and C-corps as well as master limited partnerships (MLPs) and general partners of MLPs.
“Acquiring USAI has allowed us to continue to expand our offerings and provide advisors and investors with an array of funds that can complement a range of portfolios by enabling access to a wide array of investment opportunities or rules-based strategies,” says Sean O’Hara, president of Pacer ETFs Distributors. “Our priority remains providing best-in-class investment options, which is why we continue to seek investment opportunities we think demonstrate long-term potential. We see the midstream energy infrastructure sector as a market with tremendous opportunity.”
Pacer is no stranger to the investment potential of infrastructure development. The Pacer Custom ETF Series includes three thematic REIT ETFs that target growth opportunities in e-commerce, retail and technological infrastructure. The incorporation of the midstream energy sector is a natural addition to Pacer’s portfolio offerings. The sectors that the Pacer USAI fund gives investors access to offers several attributes, including high potential income and real assets which can provide inflation-protected cash flows.
“Pacer’s growing success is a reflection of our steadfast dedication to quality while ensuring that our fund offerings meet the evolving needs of investors,” says Joe Thomson, founder and president of Pacer Financial, a strategic partner of Pacer ETFs. “This acquisition marks another milestone as we draw closer to the end of an excellent year for the firm. We look forward to continuing that success in 2020 and bringing new and exciting opportunities to our investors and partners.”
The acquisition of USAI reflects a year of impressive growth for Pacer ETFs, which surpassed $5 billion in assets under management in October. This milestone was achieved in just four years, solidifying Pacer’s status as one of the fastest-growing ETF issuers in the country.
About Pacer ETFs:
Pacer ETFs is a strategy-driven exchange traded fund provider with 22 ETFs and over $5.48B billion in assets under management, as of December 13, 2019. Pacer ETFs is focused on addressing investors’ needs through its four fund families, the Pacer Trendpilot® Series, Pacer Cash Cows Index® Series, Pacer Custom ETF Series, and Pacer Leaders ETF Series. Pacer ETFs employ a rules-based, passive management approach to track S&P, NASDAQ, FTSE Russell, and Custom Indexes.
For more information, please visit PacerETFs.com
Before investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus. A copy may be obtained by visiting http://www.paceretfs.com or calling 1-877-337-0500. Please read the prospectus carefully before investing.
An investment in the Funds is subject to investment risk, including the possible loss of principal. Pacer ETF shares may be bought and sold on an exchange through a brokerage account. Brokerage commissions and ETF expenses will reduce investment returns. There can be no assurance that an active trading market for ETF shares will be developed or maintained. The risks associated with this fund are detailed in the prospectus and could include factors such as concentration risk, currency exchange rate risk, energy infrastructure industry risk, ETF risks, equity market risk, foreign securities risk, geographic investment risk, MLP risk, new fund risk, non-diversification risk, passive investment risk, small and mid-sized company stock risk, tax risk, tracking error risk and/or special risks of exchange traded funds.
The American Energy Independence Index is a trademark of SL Advisors, LLC and has been licensed for use by Pacer Advisors, Inc. The Pacer American Energy Independence ETF is not sponsored, endorsed, sold or promoted by SL Advisors, LLC and SL Advisors, LLC makes no representation or warranty regarding the advisability of investing in this Pacer American Energy Independence ETF.
The American Energy Independence ETF has been reorganized into the Pacer American Energy Independence ETF, a newly created series of Pacer Funds Trust with the same investment objective and same fees and expenses. The Reorganization will shift management responsibility from SL Advisors, LLC and its sub-adviser, Penserra Capital Management LLC, to Pacer Advisors, Inc., the investment adviser to Pacer ETFs.
The American Energy Independence Index is the property of SL Advisors, LLC which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Index. “Calculated by S&P Dow Jones Indices” and the related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by SL Advisors, LLC. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).
NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED
Distributor: Pacer Financial, Inc., member FINRA, SIPC, an affiliate of Pacer Advisors, Inc.