Related: ‘Cash Cows’ ETF Could Enhance Sharehold Value 

The Developed Markets International Cash Cows 100 ETF tries to reflect the performance of the Pacer Developed Markets International Cash Cows 100 Index, which is comprised of large- and mid-cap non-U.S. companies in developed markets taken from the FTSE All-World Developed ex US Index with high free cash flow yields.

“Free cash flow is the cash remaining after a company has paid expenses, interest, taxes, and long-term investments. It can be used to buy back stock, pay dividends, or participate in mergers and acquisitions,” according to Pacer ETFs. “The ability to generate a high free cash flow yield indicates a company is producing more cash than it needs to run the business and can invest in growth opportunities.”

For more information on new fund products, visit our new ETFs category.