PAOLI, Pa.–(BUSINESS WIRE)–Pacer ETFs is proud to announce the Pacer Military Times Best Employers ETF (VETS) as the latest addition to its lineup. Its newest ETF seeks to track the total return performance of the Military Times Best for VETS IndexSM before fees and expenses. The Index is calculated by Wilshire and owned and developed by VETS Indexes, LLC. Pacer will also donate 10% of its management fees earned from VETS to veteran-related charities.
“Pacer ETFs strongly believes that America’s military and veterans exemplify the best part of our country. Companies that treat veterans well should be recognized for their care and support of our best and brightest. Doing so through our new ETF is a unique and wonderful way to spotlight these companies, while also helping charities that support our nation’s heroes,” says Sean O’Hara, President of Pacer ETFs.
The Military Times is a trusted independent source for America’s military and its veterans. Each year, it announces the results of the Military Times Best for Vets: Employers Survey, which ranks companies based on their military recruitment efforts, corporate culture, reservist policies and military and veteran family policies.
Companies included in VETS have been named in the Best for Vets list for three consecutive years, have a market cap of at least $200 million and meet a certain liquidity threshold.