Cybersecurity is a outstanding theme for each companies seeking to guard towards information breaches and hacks in addition to buyers seeking to revenue from the exponential improve in spending dedicated to this expertise.
A number of change traded funds (ETFs) are devoted to cybersecurity with the latest member of that group being the World X Cybersecurity ETF (BUG), which debuted late final month. Whereas BUG enters a area with some established rivals, it may additionally show to be an instance of a well-timed thematic ETF that ultimately finds success.
The brand new BUG follows the Indxx Cybersecurity Index and is dwelling to acquainted cybersecurity fare, together with Palo Alto Networks (PANW), Test Level Software program Applied sciences (CHKP) and FireEye (FEYE), amongst others.
As skilled cybersecurity buyers know, central to this phase’s thesis is spending by company data expertise managers. Whereas some current information factors point out general company IT spending will expertise sluggish development this 12 months, that is not the case within the cybersecurity realm. Put merely, this is not an space firms can afford…