Familiar names in that index include Google (NasdaqGS: GOOGL), Facebook (NasdaqGS: FB), Oracle (NYSE: ORCL) and Dow component International Business Machines (NYSE: IBM). Those stocks combine for 24% of the index’s weight.
Companies use big data applications in various ways, including fraud detection and prevention, fleet and route management and tracking customer loyalty.
On June 18, PureFunds officially said HACK had $1 billion in assets under management. In about a month of trading since then, HACK has swelled to over $1.3 billion in assets. The new ETFs from PureFunds each charge 0.75% per year.
Big Data Index Holdings
Chart Courtesy: ISE