BetaShares launches Cybersecurity ETF

cybercrime/cybersecurity/ETF/funds/

16 September 2016
| By Hope William-Smith |
image
image
expand image

A new exchange traded fund (ETF) will provide investors with diversification into the rapidly growing cybersecurity sector, providing an opportunity to gain insight into the growing issues around cybercrime.

Global spending in the cybersecurity sector has increased at annual rate of around eight per cent, and reached close to $110 billion in 2016. The growth rate was set to increase, which BetaShares managing director, Alex Vynokur, said would be helped along by technology innovation.

"Cybersecurity is front of mind for governments, businesses and individuals across the world, with events like the recent census disruption," he said.

"The growth of this sector seems assured for the foreseeable future."

The BetaShares Global Cybersecurity ETF would aim to track the performance of leading players in global cybersecurity including Symanted, Cisco and VC-backed FireEye.

Vynokur said that the increased rate of cybercrime called for a transparent way for getting exposure to leading organisations working against it.

"The rapid growth in online activity and the rising number of internet-connected devices across the globe has had an unfortunate consequence in the equally strong growth of cybercrime," he said.

"HACK provides investors with an easy, cost-effective... way to gain diversified exposure to some of the world's leading companies."

To date, five ETFs from the series have been launched.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

1 month 4 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

3 weeks 3 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 2 days ago

The Federal Court has made interim orders to freeze the assets of a managed investment scheme, its responsible entity, and a director....

1 month ago

TOP PERFORMING FUNDS