FYI: The Pacer US Cash Cows 100 ETF (COWZ) is the latest ETF to hone in on companies with solid cash flow.
Listing today on Bats, which owns ETF.com, COWZ is linked to a proprietary index that picks securities from the Russell 1000. The selection process screens out companies with negative projected cash flow or earnings, as well as financials, with the exception of REITs. It then ranks the remaining securities by their free cash flow yield for the trailing 12 months.
Regards,
Ted
http://www.etf.com/sections/daily-etf-watch/etf-watch-us-cash-cows-fund-launches
