Pacer Developed Markets International ETF (ICOW)
BATS BATS Primary 
ICOW: A Unique Approach To International Value With Middling Results
The Pacer Developed Markets International Cash Cows 100 ETF is a large-cap foreign value fund uniquely excluding financials. ICOW selects 100 stocks from the FTSE Developed ex-US Index based on high free cash flow yield, resulting in a low average PE portfolio. ICOW's performance has lagged international value peers, and with a 0.65% expense ratio and declining dividends, I do not rate it a Buy.
ICOW: Free Cash Flow ETF Lagging In 2024
Pacer Developed Markets International Cash Cows 100 ETF holds 100 international stocks with high free cash flow yield. ICOW portfolio is well-diversified, with a focus on energy and industrials, and shows both value and growth characteristics. ICOW has slightly outperformed an international benchmark since its inception, but it has lagged several factor-based ETFs for three years, especially in 2024.
ICOW: Bringing Cash Flow Focus Overseas
Free cash flow is crucial for companies, especially in a higher interest rate environment. The Pacer Developed Markets International Cash Cows 100 ETF focuses on companies with high free cash flow. ICOW offers exposure to international companies with strong financial positions and emphasizes free cash flow yield for potential investors.
