Pacer US Cash Cows Growth ETF

BUL

Market cap $132M

BUL hits a new 52-week high as strong growth sentiment, tech momentum and a focus on high free cash flow stocks fuel gains.

Exchange-traded funds (ETFs) by Pacer have become popular among value investors. In addition to their unique names, some of these funds are highly uncorrelated to the broader market.

Pacer US Cash Cows Growth ETF holds a portfolio of 50 stocks with high growth and free cash flow, focused on consumer discretionary and industrials. The BUL ETF combines value and growth characteristics and has outperformed many growth ETFs over the last 12 months. Nonetheless, performance since inception is underwhelming compared to peers.

The new year is poised for a resurgence in tech IPOs, as lower interest rates and an investor shift to small- and mid-cap companies combine to create a more welcoming market for debuts. The current environment presents the most favorable conditions for the recovery of IPOs in the past three years. The S&P 400 Midcap Index and the S&P 600 Index have outperformed the S&P 500 Index since the US election Nov. 5.

Cash cow investing is a strategy that has gained popularity among investors seeking stable and consistent returns.

US equities, as measured by the S&P 500 Index, have performed strongly so far in 2023.