Infoblox, Vasco Data, IntraLinks, Radware and Guidance Software, the cyber security stocks beloved by hedge funds, combine for 16.3% of HACK’s weight. [North Korea Hates This ETF]
HACK now has almost $978 million in assets under management, meaning the ETF has tacked more than $200 million in new assets just this month. Earlier this month, it was reported that HACK could get some competition by way of the First Trust NASDAQ CEA Cybersecurity ETF, which has not come to market.
However, HACK’s first mover advantage is cemented. As a result, the fund has superior brand recognition in the cyber security fund space. Put simply, HACK is the Apple or Coca-Cola of cyber security funds, an advantage that will be difficult to assail for any issuer.
PureFunds ISE Cyber Security ETF