Pacer ETFs has just released its newest investment ETF appropriately named the Pacer Military Times Best Employers ETF (VETS). The new ETF “seeks to track the total return performance of the Military Times Best for VETS IndexSM before fees and expenses.” The Military Times is an independent news outlet that focuses on news sources important to America’s military and veterans. The ETF will lean heavily on the organizations annual “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.”
The Index will be 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.” In order to qualify for the index, companies will need to be included 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.”
About Pacer ETFs:
Pacer ETFs is a 7-time award-winning1 exchange traded fund provider focused on addressing investors’ needs through its two fund families, the Pacer Trendpilot® Series and Pacer Cash Cows Index® Series. The Trendpilots aim to help investors navigate turbulent markets using three indicators, while the Cash Cows aim to select top companies in an index based on free cash flow yield to achieve long-term growth over time. Pacer ETFs employ a rules-based, passive management approach to track S&P, NASDAQ, and FTSE Russell Indexes. For more information on Pacer ETFs, please visit PacerETFs.com.