The Exchange-Traded Fund (ETF) market continues to demonstrate robust activity, featuring both high-volume trading in established U.S. strategies and new, specialized product launches in European markets.
Pacer’s U.S. ‘Cash Cow’ Fund Details
In the United States, the Pacer U.S. Cash Cows 100 ETF ($COWZ) remains a prominent fund, recently trading at $57.65 with a day’s range between $57.30 and $57.65. The fund seeks to track the total return performance of the Pacer US Cash Cows 100 Index.
The ETF’s strategy dictates that at least 80% of its total assets are invested in the index’s component securities. This provides investors with exposure to large and mid-capitalization U.S. companies that demonstrate high free cash flow yields, commonly referred to as “cash cows.”
The fund manages significant assets, with $19.021 billion in total net assets and 316.45 million shares outstanding. It maintains high liquidity, reflected by an average volume of 2.17 million shares. The ETF carries a net expense ratio of 0.49% and currently offers a 1.64% yield.
Invesco Lists New Overnight Rate ETF in Italy
Meanwhile, in Europe, Invesco has listed a new bond ETF on the Borsa Italiana’s ETFplus market. The new product is the Invesco EUR Overnight Return Swap UCITS ETF EUR Acc, an indexed, accumulating fund.
This Invesco ETF aims to provide exposure to the performance of a cash deposit in euros, accruing interest daily at the euro overnight interest rate. The fund tracks the Solactive STR Overnight Total Return benchmark index and is identified by the ISIN code IE000YPOHA39. The total annual commissions for the ETF amount to 0.10%.
