Malvern-based Pacer Financial, an exchange traded funds company, is looking to grow by expanding in Europe, writes Jeff Blumenthal for the Philadelphia Business Journal.

According to Pacer Financial Director Sean O’Hara, president of the company’s ETF division, the firm will open an office in Dublin, Ireland, and set up an investment management company that will meet the requirements of regulators in Europe.

ETFs are called Undertakings for the Collective Investment in Transferable Securities on the other side of the Atlantic Ocean, which is the regulatory framework set out by the European Commission for managing and selling mutual funds.

“There are a lot of financial advisors here in the United States that would prefer to have a UCIT version of our U.S. ETFs that they could use with their offshore investors or people from other countries who invest here in the United States,” said O’Hara.

The company aims to unveil four of these type of funds in the new market over the following months.

Pacer Financial, which has been operating for under a decade, currently has nearly $36 billion in assets under management in the U.S.

Read more about Pacer Financial ETF plans for Europe in the Philadelphia Business Journal.

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