Pacer Advisors Increases Stakes in Multiple Companies, Expands Investment Portfolio

Pacer ETFs has launched the Pacer PE/VC ETF (PEVC), allowing investors access to private equity and venture capital markets. The fund aims to track the FTSE PE/VC Index with a net expense ratio of 0.85%, allocating between 50%-90% to the FTSE Private Equity Buyout Index and the remaining to the FTSE Venture Capital Index. This move is seen as a bridge for retail investors to tap into returns typically reserved for institutional investors. Sean O'Hara, president of Pacer ETF Distributors, emphasized that PEVC enhances accessibility to private market strategies. The launch aligns with Pacer's growth in the ETF sector, now managing over 50 funds.