ISE ETF Ventures today announced that its partner firm PureFunds® has surpassed $1 billion in assets under management for its ETF that tracks the ISE Cyber Security IndexTM (index ticker: HXR). This milestone brings the total assets under management for products tied to ISE ETF Ventures to approximately $3.2 billion.
“We extend our sincere congratulations to our partner firm PureFunds for reaching this significant achievement,” said Kris Monaco, Head of ISE ETF Ventures. “In the seven months since the product’s inception, PureFunds has tapped into investment demand for the emerging cyber security industry, and we are proud that the ISE Cyber Security Index is the benchmark for such an innovative fund that has been well-received by investors and the ETF industry.”
The ISE Cyber Security Index is the first to focus specifically on publically listed companies that develop or provide cyber security technology and related services. It is made up of thirty component companies, including firms such as Cyber-Ark Software Ltd., Palo Alto Networks Inc., Proofpoint Inc., and FireEye Inc.
Please visit /etf-vetnures/index-development/ for more information about ISE ETF Ventures, its partner firms, and its family of indexes.