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For traders in search of momentum, Pacer US Small Cap Money Cows 100 ETF CALF might be an acceptable decide. The fund simply hit a 52-week excessive, up roughly 25.6% from its 52-week low of $21.68/share.
However does it have extra positive aspects in retailer? Let’s check out the fund and its near-term outlook to realize an perception into the place it could be headed:
CALF in Focus
The fund goals to supply capital appreciation over time by screening the S&P SmallCap 600 for the highest 100 corporations based mostly on free money move yield. CALF is charging 59 bps in charges. The fund has amassed $46.2 million in AUM.
Why the Transfer?
All of the three main U.S. bourses have been scaling all-time highs. The Sino-U.S. commerce deal optimism and rounds of upbeat financial information are main drivers behind the upside. Notably, the world’s largest economies, United States and China, have agreed on a phase-one commerce deal. Furthermore, an upbeat jobs report, optimistic U.S. housing information and inspiring…