“IFLY tracks an index of global companies with exposure to the drone industry, such as AeroVironment Inc., Boeing Co. and Parrot SA. Because IFLY invests in companies in the broader drone ecosystem, it also could benefit from increased interest in counter-drone technologies, driven by incidents such as the one at Gatwick, Mr. Saffer says,” according to the Journal.
The Federal Aviation Administration expects the number of drones in civil airspace to quadruple to 450,000 by 2022. While the U.S. military is the dominant drone user today, the technology has applications across industries, including agriculture, retail, real estate and more.
“Mr. Saffer says many of IFLY’s investments are concentrated on smaller companies, which were particularly hard hit by last year’s market turmoil. This performance doesn’t reflect the growth prospects of the industry, he says,” according to the Journal.
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