HACK benchmarks to the ISE Cyber Security Index, “which tracks the performance of companies actively engaged in providing services for cyber security and for which cyber security business activities are a key driver of their business model. These cyber security services are designed to protect computer hardware, software, networks and data from unauthorized access, vulnerabilities, attacks and other security breaches,” according to PureFunds.
While HACK may be seen as a niche ETF or a “satellite holding,” the long-term merit of the cyber security investment theme is irrefutable. For example, cyber crime will cost $2 trillion by 2019, according to Juniper Research, indicating that demand for the products and services offered by HACK’s 31 holdings will surge. [North Korea Hates This ETF]
Investors are already making that bet. In mid-April, HACK was home to just over $550 million in assets under management. Nine trading days later, that number swelled to $653 million and that growth is continuing as HACK entered trading today with $774.7 million in AUM, according to PureFunds data.
PureFunds ISE Cyber Security ETF
