Pacer Announces VETS: A Socially Conscious ETF

Related: UBS Launches New Socially Conscious ETF Bases on Employment Equality

Joe Thomson, founder and president of Pacer Financial, Inc., served as a 1st Lieutenant in the U.S. Army from July 1966 to June 1969. He also has a nephew currently serving as a Captain in the U.S. Navy.

“The years I served in the military provided me with the discipline and real-world education needed to succeed throughout my career. In creating our new ETF, we are spotlighting companies that do more than just appreciate America’s veterans. They also understand that America’s military develops amazing employees. Companies with a culture that supports veterans have proven themselves to be among the most well-run,” Thomson says.

The ETF’s holdings are equally weighted, rather than ranked according to their vet-friendliness. The current top holding is Inc. (AMZN), followed by United Rentals Inc. (URI) and Progressive Corp. (PGR).

It rebalances annually.

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