Why Investors Are Flocking To PureFunds ISE Cyber Security ETF? Pure-Funds CEO Explains

Shares of PureFunds ISE Cyber Security ETF HACK have been on a constant rise since the news of the latest hack attack affecting around 4 million U.S. citizens became public on Friday.

Andrew Chanin, CEO of Pure-Funds and manager of Cyber Security ETF, was on CNBC recently to discuss how news of large scale hack attacks affects the investor’s interest in the Cyber Security ETF and how the ETF is attracting investors.

Long-Term Growth Trend

“We have seen when there have been different events like this, different major cyber-breaches,” Chanin said. “We have seen a lot of interest come into the fund and in specific underlying names. So, I do think that it does have some type of a knee jerk reaction to this most recent cyber breach, but this is a long-term growth trend and I think that people investing in this primarily are looking to do so for that increase in spending going into the cyber security industry.”

You Don’t Have To Pick The Leader

Chanin was asked how ETF is attracting investors who may have reservations that once most of the Cyber Security breaches and hack attacks are controlled the Cyber Security ETF will go out of fashion and slump. He replied, “This is an industry that although it started, well over a decade ago, it’s really starting to get attention right now and FireEye and CyberArk, they have been volatile which is actually why we launched this ETF.”

“We think that people are very interested in investing in this space, but without knowing the individual companies and the ins and outs of how these companies operate, it’s very difficult to be a specialist in these individual names.”

“So, by providing investors with exposure to immediate diversification, 30 companies around the globe, it hopefully will be able to keep up with these constant changes and you won’t have to pick, who the leader is going to be tomorrow, next month or next year,” Chanin concluded.