Profit from cybersecurity with these ETFs

Article Excerpt

Cybercrime can have disastrous consequences for individuals, corporations and governments alike—the 2017 hacking of Equifax provides a good example (see box on page 104). As a result, the multi-billion-dollar cyber-security industry is growing quickly as hackers and organized cybercriminals become ever more sophisticated. Here are three ETFs that aim to benefit from the expanding number of businesses, organizations and individuals looking for cybersecurity products and services (see the supplement on page 110 for more information). FIRST TRUST NASDAQ CYBERSECURITY ETF $25.71 (Nasdaq symbol CIBR; TSINetwork ETF Rating: Aggressive; Market cap: $787 million) invests in companies that serve the cybersecurity industry. Their products and services aim to protect the integrity of data and computer network operations. The ETF tracks the Nasdaq CTA Cybersecurity Index. To be included in the index, a security must be listed on a recognized global stock exchange, meet minimum size and liquidity requirements and be classified as a cybersecurity company by the Consumer Technology Association. Stocks weightings are capped to avoid large…

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