PureFunds Launches Drone ETF on NYSE

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IFLY will seek to correspond to the price and yield performance of the Reality Shares Drone Index (RSD), a group of 47 companies determined based on a combination of Projected revenue from drone technology; Direct involvement in developing or researching drone technology; Services provided to companies directly involved in drone technology; and the expected growth of a company’s revenue from drone technology.

IFLY’s holdings include Aerovironment, Inc. (AVAV), Parrot SA (PARRO), Honeywell (HON), and The Boeing Company (BA).

For more information on new ETFs, visit our New ETFs category.