Recently, major U.S. companies, such as Home Depot (NYSE: HD), J.P. Morgan Chase (NYSE: JPM) and Target (NYSE: TGT) have been victimized by data breaches, underscoring the importance of products and services provided by the companies featured in HACK.
While HACK is not a traditional tech ETF, there is no denying the ETF’s validity and long-term potential. Each year cyber security incidents cost the global economy $400 billion and the rate of such incidents has been growing at a compound annual growth rate of 66% since 2009, according to PureFunds data.
That robust fundamental outlook makes HACK one of the most successful niche ETFs to have debuted in 2014. Juniper (NasdaqGS: JNPR), Palo Alto Networks (NasdaqGS: PANW) Dow component Cisco Systems (NasdaqGS: CSCO) are among the ETF’s largest holdings. [Fast Starts for Some Niche ETFs]
PureFunds ISE Cyber Security ETF