PAOLI, Pa --Pacer ETFs is proud to announce the Pacer Military Times Best Employers
ETF (VETS) as the latest addition to its lineup. Its newest ETF seeks to
track the total return performance of the Military Times Best for VETS
Index
SM before fees
and expenses. The Index is
calculated by Wilshire and owned and developed by VETS Indexes, LLC.
Pacer will also donate 10% of its management fees earned from VETS to
veteran-related charities.
“Pacer ETFs strongly believes that America’s military and veterans
exemplify the best part of our country. Companies that treat veterans
well should be recognized for their care and support of our best and
brightest. Doing so through our new ETF is a unique and wonderful way to
spotlight these companies, while also helping charities that support our
nation’s heroes,” says Sean O’Hara, President of Pacer ETFs.
The
Military Times is a trusted independent source for America’s
military and its veterans. Each year, it announces the results of the
Military Times Best for Vets: Employers Survey, which ranks companies
based on their military recruitment efforts, corporate culture,
reservist policies and military and veteran family policies.
Companies included in VETS have been named in the Best for Vets list for
three consecutive years, have a market cap of at least $200 million and
meet a certain liquidity threshold.
Joe Thomson, founder and president of Pacer Financial, Inc., served as a
1
st Lieutenant in the U.S. Army from July 1966 to June 1969.
He also has a nephew currently serving as a Captain in the U.S. Navy.
“The years I served in the military provided me with the discipline and
real-world education needed to succeed throughout my career. In creating
our new ETF, we are spotlighting companies that do more than just
appreciate America’s veterans. They also understand that America’s
military develops amazing employees. Companies with a culture that
supports veterans have proven themselves to be among the most well-run,”
Thomson says.
This is Pacer’s 10th ETF. Its previous ETFs include the
Pacer Trendpilot Series
TM, which uses a trend-following
strategy which aims to participate in the market when it is trending up,
maintain some exposure during short-term market declines and exit the
market when it is trending down, and the
Pacer Cash Cows Index
® Series, which employs a passive
rules-based security selection process and seeks to identify top
companies in an index universe based on their free cash flow yield.