PAEU

Pacer Autopilot Hedged European Index ETF
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  • Overview
  • Efficiency
  • Tradability
  • Fit

PAEU Fund Description

The Pacer Autopilot Hedged European ETF tracks an index of large- and midcap Eurozone equities selected and weighted by market cap. The fund toggles in or out of a currency hedge (euro exposure for US investors) based on EUR/USD momentum on a monthly basis.

PAEU Factset Analytics Insight

This fund is closed. Its last day of trading was 12/22/16.

PAEU, launched December 2015, offers eurozone equity exposure with a dynamic currency hedge—the first of its kind in an ETF wrapper. Currency-hedged eurozone exposure is quite popular in ETF form, although this approach excludes the U.K., Switzerland and Sweden, which make up a huge chunk of our broader, unhedged benchmark. Aside from this geographic distinction, PAEU’s equity exposure is plain vanilla cap-weighted large- and midcap basket.

What’s new in PAEU is the dynamic currency hedge: The fund is completely hedged or unhedged on a monthly basis. The rules-based decision of whether to apply the currency hedge is driven by momentum of the EUR/USD exchange rate, as reflected in the so-called golden cross and death cross between short- and long term simple moving average (SMA). When the dollar is strengthening and the euro weakening based on 5 days of the 20-day SMA below the 130-day SMA, the hedge goes on. When the opposite is true, it comes off. The snapshots are taken on the second to last day of each month.

PAEU charges a high fee relative to peer ETFs and competes in a crowded field.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:

PAEU Top 10 Countries View All

PAEU Top 10 Sectors

PAEU Top 10 Holdings

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PAEU Summary Data

Pacer Financial
Pacer
12/15/15
Open-Ended Fund
0.65%
$2.67M
$1.40K
2.05%

PAEU Portfolio Data

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3.26%
N/A
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PAEU Index Data

Pacer Autopilot Hedged European Index
Market Cap
Market Cap
MSCI Europe IMI

Related ETFs to PAEU

N/A
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

PAEU Portfolio Management

0.65%
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PAEU Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

PAEU Fund Structure

Open-Ended Fund
Yes
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No Policy
N/A
N/A
Closing
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
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LAST 10 TRADES
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Bats BZX Real-time Quote - 13:23:08
Daily Spread
Premium/Discount
Volume

PAEU Factset Analytics Block Liquidity

As of 12/12/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PAEU. PAEU is rated a 4 out of 5.

PAEU Tradability

54
$1.40K
0
0
2.05%
$0.52
-0.62%
6.37% / -8.14%
None
35.00%
50,000
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0.37%
0.03%
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$26.75
4

PAEU Sector/Industry BreakdownView All

PAEUSegment Benchmark
21.86% 21.17%
12.08% 14.38%
12.84% 14.34%
12.47% 9.99%
8.43% 9.40%
12.29% 8.79%
4.62% 6.39%
8.12% 5.96%
3.14% 4.46%

PAEU Top 10 HoldingsView All

PAEU Geographic Exposure

PAEUSegment Benchmark
15.00% 32.91%
13.90% 30.36%
4.75% 10.20%
4.52% 9.68%
3.44% 6.53%
2.11% 4.27%
1.70% 3.46%
0.48% 0.70%
0.93% 0.69%

PAEUSegment Benchmark
99.27% 99.56%
0.73% 0.44%
0.00% / 0.00% 0.00% / 0.00%

PAEU Performance Statistics

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MSCI Europe IMI

PAEU BENCHMARK COMPARISON

    PAEU
    -- Holdings
    Segment Benchmark
    -- Constituents
    Shared Holdings
    -- (Count)
     
    -- (Weight)
PAEUSegment Benchmark
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