(ICOW) Pacer Developed Markets - Ratings and Ratios

The Pacer Developed Markets International Cash Cows 100 ETF (ICOW) is designed to track an index that focuses on large and mid-cap non-US companies in developed markets with high free cash flow yields, indicating a value-oriented investment strategy. This ETF is listed on the BATS exchange and falls under the Foreign Large Value category, suggesting it is geared towards investors seeking value in international markets.

By investing at least 80% of its assets in the component securities of the tracked index or in investments with similar economic characteristics, ICOW aims to replicate the performance of its underlying index. The indexs methodology is rules-based and objective, targeting companies with high free cash flow yields, which can be an indicator of a companys financial health and its ability to generate cash.

From a technical standpoint, ICOW has shown a positive trend, with its last price at $34.16, above its 20-day, 50-day, and 200-day Simple Moving Averages (SMA20, SMA50, SMA200) of $33.35, $31.89, and $30.58, respectively. This positioning above key moving averages suggests a bullish trend. The Average True Range (ATR) is $0.29, indicating a daily price volatility of 0.86%. Given its 52-week high and low of $34.16 and $27.59, respectively, ICOW is currently at its 52-week high, suggesting strong recent performance.

Fundamentally, ICOW has an Assets Under Management (AUM) of $1,109.10 million USD, indicating a significant investor base and liquidity. The ETFs focus on companies with high free cash flow yields in developed markets can provide a relatively stable source of returns, potentially less volatile than growth-oriented or smaller-cap investments.

Forecasting ICOWs performance involves analyzing both its technical trends and fundamental strengths. Given its current price is at the 52-week high and above its short to long-term moving averages, a continued bullish trend is possible if the underlying companies maintain their financial health and continue to generate high free cash flows. However, if global economic conditions deteriorate, or if theres a shift in investor sentiment away from value stocks, ICOW could face downward pressure. Assuming the current financial health of its constituents and the absence of significant global economic downturns, a potential short-term target could be a continuation of its upward trend, possibly reaching new highs. Conversely, a decline below its SMA20 could signal a potential correction.