London Stock Exchange welcomes ETFS ISE Cyber Security GO UCITS ETF
London Stock Exchange today welcomes the first European Cyber Security ETF to its markets.
ETF Securities, one of the world’s leading, independent providers of Exchange Traded Products (ETPs), has partnered with ISE ETF Ventures, an accomplished provider of investment based indexes, to launch the first European ETF to provide pure exposure to the cyber security sector.
Europe’s first cyber security ETF provides investors with a simple, liquid and cost effective way to gain access to this high profile and rapidly growing sector, which is forecast to grow at a compound annual growth rate of 9.8% to $170 billion by 2020 . ETFS ISE Cyber Security GO UCITS ETF has been listed on the London Stock Exchange today.
Howie Li, Co-Head of Canvas, ETF Securities said:
“We are delighted to be announcing that ETFS ISE Cyber Security GO UCITS ETF (ISPY), the first European ETF to provide pure exposure to the cyber security sector is listing on the London Stock Exchange today. We have partnered with ISE ETF Ventures to launch this innovative ETF in an exciting growth sector. With the success that ISE has found bringing this exposure to the US market, this investment solution will provide European investors with a global portfolio of listed cyber security companies that capture activity from both emerging and established organisations. The dynamic world of disruptive technologies continues to advance and ETF Securities will continue to focus on harnessing the growth opportunities highlighted by technological advances and industry trends with new and innovative products.” Kris Monaco, Head of ISE ETF Ventures said:
“As cyber crime continues to grow, governments and companies are prioritising cyber security as an essential investment. With 42.8 million cyber attacks in 2014 and global cyber crime costing an estimated $400 billion[i] this is a sector we can expect to dominate headlines and corporate budgets. The ISE Cyber Security UCITS Index demonstrates our continued commitment to growth and expansion in the indexing and ETF space.
The ETFS ISE Cyber Security UCITS ETF provides investors with exposure to the first and only European product to track the firms that provide cyber security technologies meeting this growing demand. Moreover, we are thrilled to partner with ETF Securities to offer European investors access to this vital and dynamic sector.”