XOM - GCOW the dividend ETF that's +10% in 2022 while the broader markets plunge
As market uncertainty has continued to rattle the financial community, investors have gravitated to investment vehicles like the Pacer Global Cash Cows Dividend ETF (BATS:GCOW). GCOW is now up double digits in 2022 while market tracking S&P 500 funds sink more than 15%. GCOW is a strategy-driven ETF that aims to provide a continuous stream of income and capital appreciation over time. It operates by screening for stocks with a high free cash flow yield and a high dividend yield. The fund has a 3.11% dividend yield and a 0.60% expense ratio. Meanwhile, GCOW contains 101 holdings and has attracted $279M worth of investor capital in 2022. To put the inflows into perspective, GCOW, which launched in early 2016, accumulated $140M from its inception until the end of 2021. It has now attracted double that in the first five months of 2022. On the year, GCOW is +10.6%, compared to benchmark SP
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GCOW, the dividend ETF that's +10% in 2022 while the broader markets plunge