The US asset manager has planned to launch two autocallable ETFs tracking a QIS index sub-advised by Metaurus Advisors.
Pacer Funds Trust (Pacer), known for its ‘cash cow’ ETFs, is developing two autocallable funds linked to a quantitative investment strategy (QIS) index, according to the firm’s SEC filing, which will become effective on 21 July. To go listed on NYSE Arca, the funds seek to generate monthly income and provide reduced downside risk. They offer exposure to a theoretical portfolio of up to 52 autocalls through an unfunded swap. Those autocalls are directly linked to the QIS index