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.