A recent filing from Pacer Financial outlines plans for the firm to roll out eight real estate-focused ETFs on the NYSE Arca exchange.
The funds are as follows:
- Pacer Benchmark Hotel & Lodging Real Estate SCTR ETF (HOTL)
- Pacer Benchmark Apartments & Residential Real Estate SCTR ETF (PAD)
- Pacer Benchmark Office Real Estate SCTR ETF (DESK)
- Pacer Benchmark Retail Real Estate SCTR ETF (RTL)
- Pacer Benchmark Healthcare Real Estate SCTR ETF (RXRE)
- Pacer Benchmark Industrial Real Estate SCTR ETF (INDS)
- Pacer Benchmark Net Lease Real Estate SCTR ETF (NNNL)
- Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR)
Each ETF will focus on a specific subset of the U.S. real estate industry, with REITs potentially representing significant portions of the funds’ underlying indexes. Eligible companies must have market capitalizations of at least $200 million and average daily traded volume of at least 10,000 shares. The prospectus notes that the indexes will be weighted by modified market capitalization, with individual constituent weights capped at 15% of the index during index reconstitutions.
The filing did not include expense ratios.
Pacer Financial has nine ETFs currently trading, with $1.6 billion in assets under management.
There are no families of ETFs that target U.S. real estate companies, let alone any that go into the sort of granularity offered by the proposed Pacer ETFs.
Contact Heather Bell at [email protected]