by winston » Fri Sep 30, 2016 7:38 am
Christmas ETFs to Buy: PureFunds ISE Cyber Security ETF (HACK)
Expenses: 0.75%
YTD Gain: 7.1%
The recent hacks of Yahoo! Inc. (NASDAQ:YHOO) and DropBox highlight that growing need for more cybersecurity spending.
These high-profile hacks and other recent examples are helping push the PureFunds ISE Cyber Security ETF (NYSEARCA:HACK) to new 52-week highs. Highs that should continue during the fourth quarter.
HACK tracks a basket of software and hardware firms dedicated to stopping cyber threats and recovering lost data/information. It’s a fast growing industry and one that will see higher private sector and government spending in the years ahead. In the meantime, HACK’s basket of 35 stocks is enjoying the limelight of recent cyberattacks.
Moreover, M&A activity should continue to boost the firm’s holdings. While there are a few larger firms in the mix — such as Cisco Systems, Inc. (NASDAQ:CSCO) — the bulk are smaller.
With many major tech firms — like CSCO — looking to beef-up their cybercrime offerings, HACK’s small caps should see premiums to their current values.
The combination of rising buyout activity and big-time spending on cybersecurity should make HACK one of the best ETFs for the next few months.
Source: Investor Place
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