PTEUPacer Trendpilot European Index ETF
PTEU Fund Description
The Pacer Trendpilot European ETF tracks an index of large- and midcap eurozone equities selected and weighted by market cap. Stocks can be mixed with or replaced by US Treasury bills based on momentum.
PTEU Factset Analytics Insight
Launched December 2015, PTEU applies a momentum-based cash toggle to eurozone equities. PTEU and many other ETFs focus solely on the eurozone, ignoring the large equity markets in the U.K., Switzerland and Sweden. PTEU’s cap-weighting ensures that the portfolio tilts towards France and Germany relative to our broader European benchmark. The fund screens out small-caps too, which is not unusual.
However, it’s the cash toggle that truly sets PTEU apart from segment peers. The fund moves half way into cash (T-bills) in a “death cross” between the 200 day simple moving average (SMA) and the daily level of the stock-only FTSE index. The index has to be below the 200-day SMA for 5 days for the 50% allocation to T-bills to go into effect. It reverts to equity after 5 days of the index level closing above the 200-day SMA. PTEU can also go into all cash if the 200-day SMA level closes below where it was 5 days earlier. The fund only exits the 100% cash position to a 100% equity position (not to the 50/50 state). Other Trendpilot ETFs from Pacer use this approach, as did the now-defunct RBS ETNs.
PTEU charges a high fee relative to peer ETFs and competes in a crowded field.
PTEU CHARTS AND PERFORMANCE
PTEU Top 10 Countries
PTEU Top 10 Sectors
PTEU Top 10 Holdings [View All]
PTEU Portfolio Management
PTEU Tax Exposures
PTEU Fund Structure
PTEU Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PTEU. PTEU is rated a 5 out of 5.
PTEU Sector/Industry Breakdown
PTEU TOP 10 HOLDINGS[View All]
PTEU Economic Development
PTEU Performance Statistics
PTEU BENCHMARK COMPARISON SUMMARY
PTEU BENCHMARK COMPARISON MARKET CAP SIZE
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.