(Bloomberg) -- Pacer is looking to tap into its hit cash flow-oriented product with another exchange-traded fund.

The issuer wants to launch the US Large Cap Cash Cows Growth Leaders ETF, a passive fund focused on companies in the Russell 1000 with high free cash-flow margins, according to a Tuesday filing. These so-called “cash cows” have been attracting attention as investors seek out havens amid market turmoil.

The filing didn’t specify a management fee or a potential ticker. 

ETF flows show investors have favored cash-rich companies this year. The company already has a crowd-pleasing product, its Pacer US Cash Cows 100 ETF (ticker COWZ), which has seen inflows every month since February of last year, according to data compiled by Bloomberg. This year, it’s taken in more than $6.6 billion, putting it on pace for a record year of cash infusions. 

While COWZ has lost 14% on a total return basis in 2022, it’s holding up better than the S&P 500, which has lost more than 20%. The fund counts Regeneron Pharmaceuticals Inc., AbbVie Inc. and Bristol Myers Squibb Co. among its top members. 

Stocks, bonds and crypto have all suffered this year amid the Federal Reserve’s interest-rate hiking regime, which has hurt speculative corners of the market the most. Investors view cash flow as more valuable during times of slower growth.  

In August, Pacer’s Sean O’Hara told Bloomberg TV that the environment this year has been good for COWZ. The fund rebalances every 90 days, he said, and eliminates stocks with negative earnings, as well as financials. 

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