This ETF focuses on medium-sized growth companies in the cyber security space—a fast-growing arena.
Top Picks Update
PureFunds ISE Cyber Security ETF (HACK)
From Positive Patterns
Cyber security is very timely thing. Every day, we see endless/news about hacking. Our phones, computers, or I-pads etc. have become such an important part of our lives (for persons and especially business). Right now, the revolution is happening.
PureFunds ISE Cyber Security ETF (HACK) is a good way to play current events. HACK is packed with the usual suspects in that industry (top 5 holdings include FireEye; Imperva; Qualys Inc; Trend Micro; and Checkpoint Software).
This ETF is up about 12% since January, and the chart pattern looks very promising. HACK has been showing up on the new highs list. As technology accelerated, few companies realized how costly cyber security would be, but it is a major problem that must be addressed at every company, and or person. I believe this is going to be a big growth area over the next 5 years.
I believe that buying this ETF will give us some good profits over the next 3-5 years. I would also add that this is a higher/risk trade, but I believe, a very promising trade. I would recommend that you buy HACK up to $32.
Bob Howard, Positive Patterns, P.O. Box 310, Turners, MO 65765, 417-887-4486, June 28, 2017