GCOW, ETFs Divided By 10% In 2022 As Wider Markets Fall
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As market uncertainty continues to worry the financial community, investors have been drawn to investment vehicles such as the Pacer Global Cash Cows Dividend ETF (GCOW). GCOW is now double digits in 2022 S&P 500 Market Tracking Funds Plunge Over 15th%.
GCOW is a strategy-driven ETF that aims to provide a continuous stream of income and increase capital over time. It works by examining stocks with high free cash flow yield and high dividend yield.
The fund has a dividend yield of 3.11% and an expense ratio of 0.60%. Meanwhile, GCOW has 101 holdings and attracted $279 million in invested capital in 2022.
To put the flows into perspective, GCOW, which started in early 2016, raised $140 million from its start through the end of 2021. It has now attracted double that amount in the first five months of 2022.
In general, GCOW is + 10.6%compared to benchmark S&P funds such as the iShares Core S&P 500 ETF (IVV), Vanguard S&P 500 ETF (VOO), and SPDR S&P 500 Trust ETF (SPY), all of which have declined nearly 15.7%.
Moreover, GCOW provides a higher dividend yield and also outperforms notable dividend funds like Vanguard Dividend Appreciation ETF (VIG), Vanguard High Dividend Yield Index ETF (VYM), Schwab US Dividend Equity ETF (SCHD) and iShares Select Dividend ETF (DVY) which is the year -11.7%And -2%And -3.7%And + 4.9% Straight.
GCOW’s double-digit revenue support is a more balanced portfolio represented by ten of the 11 S&P sectors with the highest weights toward materials, healthcare, and energy. In addition, stocks such as Exxon Mobil (XOM), Chevron Corp (CVX), AbbVie (ABBV), Merck & Co. (MRK) all find themselves within GCOW’s top ten holdings.
Despite its small size, the ETF is emerging as a leader in 2022. See the chart below for GCOW compared to the S&P 500.
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