Pacer acquires USAI in next step on its growth path

Technology

Fast growing Pacer ETFs has continued on its rapid expansion path by making its first acquisition of an existing two-year-old ETF, USAI, now renamed as Pacer American Energy Independence ETF.

Sean O’Hara, president of Pacer ETFs Distributors, explains that the acquisition came from the USAI founder, Simon Lack’s desire to raise assets for the fledgling ETF and Pacer’s desire to be in the mid-stream energy sector.

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Beverly Chandler
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