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Factor Advisors launches PureFunds Cyber Security ETF

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US Bancorp Fund Services’ (USBFS) client, Factor Advisors has launched a new exchange traded fund (ETF) in conjunction with ISE ETF Ventures with PureFunds in its FactorShares trust. 

The PureFunds ISE Cyber Security ETFTM (HACK) provides equity exposure to companies providing cyber security and information technology services.   

“PureFunds is proud to add the PureFunds ISE Cyber Security ETF to our innovative family of funds,” says Andrew Chanin, chief executive officer of PureFunds. “This further demonstrates PureFunds' goal to bring in-demand, first-mover products to the marketplace, which also includes the PureFunds® ISE Junior Silver ETFTM (NYSEArca: SILJ).” 

The PureFunds ISE Cyber Security ETF is the company’s second ETF currently in the FactorShares Trust. Both organisations are pleased to launch an ETF strategically built around companies focused on cyber security issues. 

“Cyber security issues have become an indiscriminate global problem, targeting organizations ranging from large retailers to government offices,” says Sam Masucci, chief executive officer of Factor Advisors, LLC and founder of Exchange Traded Managers Group. “Factor Advisors, a subsidiary of Exchange Traded Managers Group, is glad to be working with PureFunds and ISE ETF Ventures to deliver the first ETF designed to target technology companies directly involved in addressing the problem through software, hardware and infrastructure solutions." 

USBFS provides comprehensive operational support for the PureFunds ISE Cyber Security ETF, in addition to its continued servicing of the PureFunds ISE Junior Silver ETF. 

“We’re excited to continue expanding our partnership with two pioneering organisations in the ETF industry,” says Joe Redwine, president of US Bancorp Fund Services, LLC. “We look forward to following the progress of this unique ETF and strategy.”

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