PAEU

Pacer Autopilot Hedged European Index ETF
CLOSING PRICECHANGE (%)VOLUME
$26.80-- (--)--
4:00:00 p.m. (ET) 12/22/2016
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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N/A

N/A
  • 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
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PAEU Top 10 Countries View All

PAEU Top 10 Sectors

PAEU Top 10 Holdings

This chart is unavailable

PAEU Summary Data

12/15/15
$2.68 M

PAEU Portfolio Data

$46.55 B
19.75
1.50
N/A
277

PAEU Index Data

Pacer Autopilot Hedged European Index
Market Cap
Market Cap

Related ETFs to PAEU

DBEU, HEZU, DBEZ, HFXE, HGEU
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

PAEU Portfolio Management

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PAEU Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

PAEU Fund Structure

Yes
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0% / 100%
N/A
N/A
Closing
Daily
Bats Book Viewer
TOP OF BOOK
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LAST 10 TRADES
TIMEPRICESHARES
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Bats BZX Real-time Quote - 23:59:59
Average Spread
Premium/Discount
Volume

PAEU FactSet Analytics Block Liquidity

5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of 12/22/16. 12/22/16 is rated a PAEU out of 5.

PAEU Tradability

54
0
$0
$0.52
-0.62%
6.37% / -8.14%
None
35.00%
50,000
--
0.37%
0.01%
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$26.80

PAEU Performance Statistics

0
2.00
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