Cyber security – a need of the hour – has developed into a booming industry on growing awareness due to widespread hacking. With the extensive adoption of Internet usage in enterprises and government agencies, cyber attacks are increasingly difficult to prevent. But this evil of technology is in focus, and governments and businesses are willing to beef up their spending on information security.
This young corner of the broad technology space represents one of the few growth opportunities left for developed market investors. Growth will likely come from the rapid adoption of mobile, cloud, social and information technologies. In fact, it seems that the cyber security trend has reached a new level this earnings season, as most of the companies in the space impressed with robust results.
For investors seeking to play this trend in a basket form, there are a few options, PureFunds ISE Cyber Security ETF (NYSE: HACK)being the most notable. Buoyed by the solid earnings, this product has surged 12.5 percent over the past ten days and about 13 percent since its debut in November. It has gathered enough interest from investors, accumulating $261 million in AUM in just three months.
Average daily volume is also solid as it exchanges around 282,000 shares in hand (read: Inside HACK: The Sought-After Cyber Security ETF).
Given this, it might be worth it to shed some light on this newly introduced ETF and its holdings for investors not familiar with it but thinking about jumping in on the space. Below we highlight some of the key details regarding HACK and how recent earnings have led to this fund's solid run.
HACK In Focus
The fund offers exposure to the companies that ensure the safety of computer hardware, software, networks, and fight against any sort of cyber malpractice. It tracks the ISE Cyber Security Index, holding 30 securities in its basket. It is well spread out across components, as each security holds no more than 5.71 percent of total assets.
From an industrial look, software and programming accounts for nearly two-thirds of the portfolio while ...
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