An investor who wants to take a tactical approach to investing in cybersecurity has two options – buy individual stocks or check out a company like PureFunds.
PureFunds offers the only pure-play exchange-traded fund in the cybersecurity sector.
PureFunds CEO Andrew Chanin spoke with Benzinga about the PureFunds ISE Cyber Security ETF (NYSE: HACK) and how it serves the needs of investors interested in that sector.
Benzinga: How did the idea for PureFunds come about?
Andrew Chanin: The company was founded in 2010. Before that I worked on the floor of the American Stock Exchange for The Kellogg Group.
I had the opportunity to start an ETF prop trading desk at another firm where one of my partners and I gave a bunch of ETF ideas to issuers. Eventually they said, "Why do you keep giving us your ideas? Why don't you try launching your own?"
Sure enough, in 2012, we launched our PureFunds ISE Junior Silver ETF. In November 2014, we launched our PureFunds ISE Cyber Security ETF.
BZ: What’s the overall philosophy of PureFunds?
AC: We're a smaller company, but believe there are key areas in the ETF space that haven't been made accessible.
So, all of our concepts have tended ...
/www.benzinga.com/news/15/06/5580335/purefunds-ceo-andrew-chanin-on-investing-in-cybersecurity alt=Exclusive: PureFunds CEO Andrew Chanin Talks Investing In Cybersecurity>Full story available on Benzinga.com
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