MALVERN, Pa.--(BUSINESS WIRE)--Pacer ETFs, 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
