The PureFunds ISE Cyber Security ETF (HACK), has surpassed the USD100,000,000 mark for assets under management (AUM) in just its first six weeks since inception (11/12/2014).
This momentous milestone comes on the heels of PureFunds and partners ringing the Opening Bell at the New York Stock Exchange on December 23, 2014 to commemorate HACK’s launch.
The PureFunds ISE Cyber Security ETF tracks the ISE Cyber Security Index (tHXR).
Andrew Chanin, CEO of PureFunds, says: "We are thankful for the strong demand HACK has experienced and hope many additional investors will come to appreciate the unique focus our ETF provides. We believe HACK targets one of the essential global industries at a critical time and are thrilled that many investors are in agreement with this belief. Despite the typically low volume holiday season, we have been impressed by the daily volume HACK has maintained. As the sponsor of HACK, PureFunds looks forward to creating many more significant ETFs to add to the PureFunds' suite of products.”
Kris Monaco, Head of ISE ETF Ventures, says: “The strength of ISE ETF Ventures’ partnership with PureFunds has continued to strengthen with the success of the PureFunds ISE Cyber Security ETF. To surpass the USD100 million AUM milestone just weeks after launch validates the concept and design of the ISE Cyber Security Index. We want to thank PureFunds and all of the partners involved in making this such a successful launch and we look forward to building more innovative products very soon.”
