ETF Securities has completed the sale of its Canvas ETF platform to Legal & General Investment Management
The sale of Canvas, ETF Securities’ European Exchange Traded Fund (ETF) platform, to Legal & General Investment Management (LGIM) has completed. ETF Securities has completed the sale of its Canvas ETF platform to Legal & General Investment Management.
All management responsibilities for these products have moved to LGIM so any future enquiries should be directed to LGIM ETF Sales using the details below:
As a reminder, the products transferred to LGIM include:
• ETFS ISE Cyber Security GO UCITS ETF
• ROBO Global Robotics and Automation GO UCITS ETF
• ETFS Battery Value-Chain GO UCITS ETF
• ETFS Ecommerce Logistics GO UCITS ETF
• ETFS Pharma Breakthrough GO UCITS ETF
• ETFS-E Fund MSCI China A GO UCITS ETF
• ETFS US Energy Infrastructure MLP GO UCITS ETF
• ETFS Longer Dated All Commodities Go UCITS ETF
• ETFS All Commodities GO UCITS ETF
• ETFS Longer Dated All Commodities Ex-Agriculture and Livestock GO UCITS ETF
• ETFS DAXglobal Gold Mining GO UCITS ETF
• ETFS Russell 2000 US Small Cap GO UCITS ETF
• ETFS Lombard Odier IM Euro Corporate Bond Fundamental GO UCITS ETF
• ETFS Lombard Odier IM Global Corporate Bond Fundamental GO UCITS ETF
• ETFS Lombard Odier IM Global Government Bond Fundamental GO UCITS ETF
• ETFS Lombard Odier IM Emerging Market Local Government Bond Fundamental GO UCITS ETF
• ETFS FTSE 100 Super Short Strategy (Daily 2x) GO UCITS ETF
• ETFS DAX Daily 2x Short GO UCITS ETF
• ETFS FTSE 100 Leveraged (Daily 2x) GO UCITS ETF
• ETFS DAX Daily 2x Long GO UCITS ETF
ETF Securities’ European products outside those on the Canvas platform, including our range of Exchange Traded Commodities are unaffected by this acquisition.
This communication has been issued and approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by ETF Securities (UK) Limited (“ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the “FCA”).
The information contained in this communication is for your general information only and is neither an offer for sale nor a solicitation of an offer to buy securities. This communication should not be used as the basis for any investment decision. Historical performance is not an indication of future performance and any investments may go down in value.
This document is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering of shares or securities in the United States or any province or territory thereof. Neither this document nor any copy hereof should be taken, transmitted or distributed (directly or indirectly) into the United States.
This communication may contain independent market commentary prepared by ETFS UK based on publicly available information
This communication may contain independent market commentary prepared by ETFS UK based on publicly available information. Although ETFS UK endeavours to ensure the accuracy of the content in this communication, ETFS UK does not warrant or guarantee its accuracy or correctness. Any third party data providers used to source the information in this communication make no warranties or representation of any kind relating to such data. Where ETFS UK has expressed its own opinions related to product or market activity, these views may change. Neither ETFS UK, nor any affiliate, nor any of their respective officers, directors, partners, or employees accepts any liability whatsoever for any direct or consequential loss arising from any use of this publication or its contents.
ETFS UK is required by the FCA to clarify that it is not acting for you in any way in relation to the investment or investment activity to which this communication relates. In particular, ETFS UK will not provide any investment services to you and or advise you on the merits of, or make any recommendation to you in relation to, the terms of any transaction. No representative of ETFS UK is authorised to behave in any way which would lead you to believe otherwise. ETFS UK is not, therefore, responsible for providing you with the protections afforded to its clients and you should seek your own independent legal, investment and tax or other advice as you see fit.
Investing in the biggest security story of our time
Cyber security: Investing in the biggest security story of our time
Cyber security has become a top priority for companies and governments worldwide and it’s easy to see why: the move to digital means that businesses have a greater reliance than ever on the internet for a huge array of functions. And can be seen from the almost daily reports of security breaches and high profile attacks, no individuals, businesses or even governments are safe. In the last year alone, we have witnessed cyber attacks on organisations of every kind, from US political parties to UK mobile phone operators.
Senior executives, rather than back-office IT teams, now have ultimate responsibility for protecting networks, data and internet-enabled devices. As a result, cyber security has become big business: an estimated $1 trillion globally will be spent on cyber security products and services between 2017 and 2021. The risk of cyber attacks has also been heightened by the growing number of internet-connected devices globally. It is expected that 200 billion smart devices will be in use by 2020.
With cyber security now a megatrend, how can investors access this growing sector?
What is cyber security?
First and foremost, the cyber security industry is not a single discipline – it involves the expertise of companies in a range of sectors, including software development, communications equipment, advisory firms and aerospace and defence companies. There is no single way companies can keep their networks, devices and data secure: training staff to look out for bogus emails is as important as keeping software up to date and encrypting the most sensitive data.
The overall goal of cyber security is to protect computer networks, programs, connected devices such as desktop computers and smartphones, and the data they hold, from unauthorised access and theft. This could be a deliberate and/or malicious attack by a cyber criminal looking to steal data to sell, a hacker looking to cause mischief or a business rival or nation state looking for sensitive information. It could also be an innocent mistake; 17.7 per cent of data breaches were caused by unintentional actions or errors, according to 2016 research by Verizon.
The cyber threat is real – and companies are spending money to tackle it
One of the unique aspects of cyber security is that cyber threats are constantly evolving: as systems and devices evolve, would-be attackers are developing loopholes to exploit them. The number of cyber threats affecting businesses reached an all-time high in 2016, including a 752 per cent jump in the varieties of ransomware seen by security experts, according to Trend Micro research.
High-profile cyber attacks are illustrative of the potential damage cyber attacks can have on a company’s reputation, revenue and future growth prospects. Yahoo last year disclosed two breaches, one affecting more than 1 billion accounts and the second around 500 million users.5 These breaches resulted in US criminal charges and caused Verizon to abandon its takeover bid of Yahoo for $350 million. In the UK, internet service provider TalkTalk had to pay a record £400,000 fine after the personal details of 150,000 customers were accessed by a cyber-attack. In the political sphere, it is alleged that Russian hackers targeted senior Democratic party figures as part of efforts to influence the outcome of last year’s US presidential election.
IDC forecasts a compound annual growth rate (CAGR) of 8.3 per cent for the cyber security industry, more than twice the rate of overall IT spending growth, between 2016 and 20207. Within cyber security, the largest areas of growth will be mobile security, Internet of Things (IoT) security, and specialised threat analysis and protection, according to Bloomberg and IDC.
How can investors access the cyber security megatrend?
Cyber security, and the organisations and products that companies use to combat the threat, will become increasingly important: regulatory requirements on data protection and privacy are set to increase, and the expansion of the Internet of Things means more objects, from phones to fridges, will have an internet connection and produce data that will need to be secured.
Governments are also making it a priority: Philip Hammond, UK Chancellor of the Exchequer, has set up the National Cyber Security Strategy, underpinned by a £1.9 billion investment, and President Trump in the US is expected to sign an executive order on cyber security in the spring.
All these elements mean businesses are likely to allocate bigger budgets to cyber security. However it is too early in the life of the cyber security megatrend to clearly identify any winners: there are many competing technologies addressing the ever-evolving threat, including the work of start-ups that haven’t yet secured patents. These smaller companies are offering innovative technologies and products, and venture capital firms invested around $8 billion in cyber security companies between 2014 and 2016. Additionally, trying to pick individual stocks among companies at such an early stage exposes investors to a higher degree of volatility than they may wish to take on.
Investment exposure to the cyber security industry therefore requires a passive approach. A global and diversified exposure can give investors access to all the elements spurring growth of the cyber security space. Typically, smaller and midcap companies have been offering the most innovative technologies and products, and so any exposure should ideally capture these players. Finally, in order to remain true to the theme, an equal-weight portfolio ensures end-to-end exposure to the whole ecosystem of companies and provides exposure to the companies that will be tomorrow’s winners.
This communication has been issued and approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by ETF Securities (UK) Limited (“ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the “FCA”). While this communication is made by ETFS UK, certain content has been produced and provided for ETFS UK by ROBO Global Partners Ltd. (“ROBO Global®”). ROBO Global® is an independent, unaffiliated third party to ETFS UK. No forwarding, reprinting, republication or any other redistribution of this content is permissible without the express consent of ROBO Global® and ETFS UK. ROBO Global® and ETFS UK reserve the right to enforce their respective copyrights and pursue any such other action as they deem appropriate in respect of any such unauthorised use, republication or redistribution of this communication.
The information contained in this communication is for your general information only and is neither an offer for sale nor a solicitation of an offer to buy securities. This communication should not be used as the basis for any investment decision. Historical performance is not an indication of future performance and any investments may go down in value.
This document is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering of shares or securities in the United States or any province or territory thereof. Neither this document nor any copy hereof should be taken, transmitted or distributed (directly or indirectly) into the United States.
This communication may contain independent market commentary prepared by ETFS UK based on publicly available information. Although ETFS UK endeavours to ensure the accuracy of the content in this communication, ETFS UK does not warrant or guarantee its accuracy or correctness. Any third party data providers used to source the information in this communication make no warranties or representation of any kind relating to such data. Where ETFS UK has expressed its own opinions related to product or market activity, these views may change. Neither ETFS UK, nor any affiliate, nor any of their respective officers, directors, partners, or employees accepts any liability whatsoever for any direct or consequential loss arising from any use of this publication or its contents.
ETFS UK is required by the FCA to clarify that it is not acting for you in any way in relation to the investment or investment activity to which this communication relates. In particular, ETFS UK will not provide any investment services to you and or advise you on the merits of, or make any recommendation to you in relation to, the terms of any transaction. No representative of ETFS UK is authorised to behave in any way which would lead you to believe otherwise. ETFS UK is not, therefore, responsible for providing you with the protections afforded to its clients and you should seek your own independent legal, investment and tax or other advice as you see fit.
ETF för cybersäkerhet sänker förvaltningskostnaderna
Många av de börshandlade fonder som har ett nischat fokus tar ut förvaltningsomkostnader som är högre än vad ETFer som följer stora välkända index gör. Nu har i alla fall PureFunds som förvaltar PureFunds ISE Cyber Security ETF (NYSEArca: HACK) bestämt sig för att göra något åt detta. Förvaltarna för denna ETF för cybersäkerhet sänker förvaltningskostnaderna.
HACKsårliga förvaltningsavgift är nu 0,6 %, ner från 0,75%. Den nya avgiften trädde i kraft den 1 maj. En företrädare för fonden säger de sett nettoinflöden i den börshandlade fonden med cirka 160 MUSD sedan samma datum. Detta motsvarar cirka 42 procent av nettoinflödena in HACK under 2017.
Följer Cyber Security Index
HACKs-riktmärke är ISE Cyber Security Index. Det är ett index som replikerat utvecklingen av aktierna hos företag som är aktivt engagerade i att tillhandahålla tjänster för cybersäkerhet och för vilken företagsäkerhet för cybersäkerhet är en viktig drivkraft för deras affärsmodell. Dessa säkerhetstjänster för internet är utformade för att skydda hårdvara, programvara, nätverk och data från obehörig åtkomst, sårbarheter, attacker och andra säkerhetsbrott.
HACK är ingen traditionell tech ETF
HACK är ingen traditionell tech ETF, men det finns ingen som kan förneka dess långsiktiga potential. Varje år kostar cybersäkerhetsincidenter den globala ekonomin 400 miljarder dollar och frekvensen av sådana incidenter har ökat med en sammansatt årlig tillväxttakt på 66 procent sedan 2009, enligt PureFunds data.
ETF lanserades 2014 som den första ETFen fokuserad på cybersäkerhet.
Styrelsen beslutade att minska förvaltningsavgiften för HACK baserat på tillgångsnivån, de interna kostnaderna och mot bakgrund av den totala avgiften på ETF-marknaden. Det är en omfattande granskningsprocess. vi tror att HACKs avgift på 60 punkter är mycket rimlig baserat på fondens exponering, säger VD för ETFMG Samuel Masucci i uttalandet.
China congress to potentially weigh on metal prices
ETF Securities Weekly Flows Analysis – China congress to potentially weigh on metal prices
Highlights
Precious metals ETPs recorded US$155mn inflows driven by inflows into gold, platinum and the basket ETPs.
Inflows into disruptive technology ETPs continue to grow on attractive valuation of the ROBO Global® Robotics and Automation UCITS Index compared to the MSCI World Technology Index.
Investors favoured exposure to the Eurozone to specific European countries as Brexit negotiations face a deadlock, increasing the uncertainty over the future relationship between the UK and EU.
Gold ETPs recorded inflows for the second consecutive week as the Chinese market reopened. Last week saw the price of gold rising to nearly US$1,300/oz after falling 6.3% from its 12-month high in early September. This could be a transitory recovery as the prospect of a rate hike and a stronger US Dollar is likely to weigh further on gold prices in the near term. We see the price of gold at US$1260/oz by year end. China auto sales rose by 3.3% year-over-year to September, benefitting platinum group metals. Platinumand palladiumrose respectively 3.3% and 5.6% last week. Investors injected US$12.5mn into platinum ETPs as platinum ended last week at US$55/oz discount to palladium. The price of platinum has also been lagging the price of gold so far this year, rising by 4.8% versus 13.4% for gold year-to-date. We continue to believe in the potential catch-up of platinum in the near term.
Industrial metals saw inflows of US$16.5m as prices reached a 3-year high. The Bloomberg Industrial Metals Index has gained 23% since the beginning of the year, and 2.6% over the past week, reaching the highest level since the end of 2014. Flows into industrial metal ETPs have been choppy since the end of August, with large outflows recorded in September as prices declined 5% from the peak. Prices bounced back again in October despite Chinese markets being closed during the first week of the month. Inflows last week went mainly into the basket ETPs (US$22.8mn) and copper (US$5.9mn) while other industrial metal ETPs recording outflows. The China congress on Wednesday could put downward pressure on metal prices although market participants have been pricing it as a non-event so far.
Robotics and Cyber security ETPs continued to see steady inflows last week with US$23mn in the Robotic ETP and US$2mn in the Cybersecurity ETP. Our model shows that the ROBO Global® Robotics and Automation UCITS Index currently trades at a discount to the MSCI World Technology Index while the ISE Cyber Security® UCITS Index Net Total Return trades at a slightly higher level compared to its historical average, indicating that the Robotic ETP has higher upside potential.
European ETPs saw inflows of US$6.9mn mostly in short ETPs. Investors have increased their short exposure to individual European countries (France, UK and Germany) by US$8.4mn whilst increasing their exposure to the region at the same time with US$2.1mn into long EuroSTOXX ETPs. Investors appear somewhat polarised, the negotiations on the future relationship between the UK and the EU being in a deadlock as no agreement on the divorce bill has been reached.
Video Presentation
Edith Southammakosane, Research Analyst at ETF Securities provides an analysis of last week’s performance, flow and trading activity in commodity exchange traded products and a look at the week ahead.
For more information contact
ETF Securities Research team
ETF Securities (UK) Limited
T +44 (0) 207 448 4336
E info@etfsecurities.com
Important Information
General
This communication has been provided by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the ”FCA”).
This communication is only targeted at qualified or professional investors.
The products discussed in this communication are issued by ETFS Commodity Securities Limited (”CSL”), ETFS Hedged Commodity Securities Limited (”HCSL”), ETFS Hedged Metal Securities Limited (”HMSL”), Swiss Commodity Securities Limited (”SCSL”), ETFS Foreign Exchange Limited (”FXL”), ETFS Metal Securities Limited (”MSL”), ETFS Oil Securities Limited (”OSL”), ETFS Equity Securities Limited (”ESL”), Gold Bullion Securities Limited (”GBS” and, together with CSL, HCSL, HMSL, SCSL, FXL, MSL, OSL and ESL, the ”Issuers”) and GO UCITS ETF Solutions Plc (the ”Company ”). Each Issuer (apart from SCSL) is regulated by the Jersey Financial Services Commission. The Company is an open-ended investment company with variable capital having segregated liability between its sub-funds (each a ”Fund”) and is organised under the laws of Ireland. The Company is regulated, and has been authorised as a UCITS by the Central Bank of Ireland (the ”Financial Regulator”) pursuant to the European Communities (Undertaking for Collective Investment in Transferable Securities) Regulations, 2003 (as amended).
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Risk Warnings
Securities issued by the Issuers and the Company may be structured products involving a significant degree of risk and may not be suitable for all types of investor. This communication is aimed at sophisticated, professional and institutional investors. Any decision to invest should be based on the information contained in the prospectus (and any supplements thereto) of the relevant Issuer or the Company which includes, inter alia, information on certain risks associated with an investment. The price of any securities may go up or down and an investor may not get back the amount invested. Securities may be priced in US Dollars, Euros, or Sterling, and the value of the investment in other currencies will be affected by exchange rate movements. Investments in the securities of the Issuers or the shares of the Company which provide a short and/or leveraged exposure are only suitable for sophisticated, professional and institutional investors who understand leveraged and compounded daily returns and are willing to magnify potential losses by comparison to investments which do not incorporate these strategies. Over periods of greater than one day, investments with a short and/or leveraged exposure do not necessarily provide investors with a return equivalent to a return from the unleveraged long or unleveraged short investments multiplied by the relevant leverage factor.
Investors should refer to the section entitled ”Risk Factors” in the relevant prospectus for further details of these and other risks associated with an investment in the securities offered by the Issuers and the Company.
The relevant prospectus for each Issuer and the Company may be obtained from www.etfsecurities.com. Please contact ETFS UK at +44 20 7448 4330 or info@etfsecurities.com for more information.
Issuers
General: The FCA has delivered to the regulators listed below certificates of approval attesting that the prospectuses of the Issuers indicated have been drawn up in accordance with Directive 2003/71/EC.
For Dutch, French, German and Italian Investors: The prospectuses (and any supplements thereto) for each of the Issuers (apart from SCSL) have been passported from the United Kingdom into France, Germany, Italy and the Netherlands and have been filed with the l’Autorité des Marchés Financiers (AMF) in France, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany, CONSOB and the Bank of Italy in Italy and the Authority Financial Markets (Autoriteit Financiële Markten) in the Netherlands. Copies of prospectuses (and any supplements thereto) and related regulatory documentation, including annual reports, can be obtained in France from HSBC France, 103, Avenue des Champs Elysées, 75008 Paris, in Germany from HSBC Trinkhaus & Burkhardt, AG, Konsortialgeschäft, Königsalle 21/23, 40212 Dusseldorf and in the Netherlands from Fortis Bank (Nederland) N.V., Rokin 55, 1012 KK Amsterdam. The prospectuses (and any supplements thereto) for each of the Issuers (apart from SCSL) may be distributed to investors in France, Germany, Italy and the Netherlands.
This communication is not a financial analysis pursuant to Section 34b of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and consequently does not meet all legal requirements to warrant the objectivity of a financial analysis and is also not subject to the ban on trading prior to the publication of a financial analysis.
This communication is not addressed to or intended directly or indirectly, to (a) any persons who do not qualify as qualified investors (gekwalificeerde beleggers) within the meaning of section 1:1 of the Dutch Financial Supervision Act as amended from time to time; and/or (b) in circumstances where other exemptions or dispensations from the prohibition the Dutch Financial Supervision Act or the Exemption Regulation of the Act on Financial Supervision apply.
None of the Issuers is required to have a license pursuant to the Dutch Financial Supervision Act as it is exempt from any licensing requirements and is not regulated by the Netherlands Authority for the Financial Markets and consequently no prudential and conduct of business supervision will be exercised.
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For Swiss investors: The prospectus (and any supplements thereto) for SCSL may be distributed to investors in Switzerland. Securities in SCSL are not shares or units in collective investment schemes within the meaning of CISA. They have not been approved by the Swiss Financial Market Supervisory Authority (FINMA) and are not subject to its supervision. The Swiss Franc Currency-Hedged Commodity Securities are not issued or guaranteed by a supervised financial intermediary within the meaning of CISA.
This document does not constitute a prospectus under the Companies (Jersey) Law 1991 and is not an offer or an invitation to acquire securities in SCSL. This document does not constitute a Swiss listing prospectus under the SIX Listing Rules and the SIX Additional Rules for the listing of Exchange Traded Products. This document must be read in conjunction with the Swiss Listing Prospectus. If there is any inconsistency between this document and the Swiss Listing Prospectus, the Swiss Listing Prospectus shall prevail. Detailed information on the terms and conditions of the Swiss Franc Currency-Hedged Commodity Securities can be found in the Swiss Listing Prospectus under Part 6 – Trust Instrument and Swiss Franc Currency-Hedged Commodity Securities.
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Funds
Austria: Investors should base their investment decision only on the relevant prospectus of the Company, the Key Investor Information Document, any supplements or addenda thereto, the latest annual reports and semi-annual reports and the memorandum of incorporation and the articles of association, which can be obtained free of charge upon request at the Paying and Information Agent in Austria, Erste Bank der oesterreichischen Sparkassen AG, Graben 21, A1010 Wien, Österreich and on www.etfsecurities.com.
France: Any subscription for shares of the Funds will be made on the basis of the terms of the prospectus, the simplified prospectus and any supplements or addenda thereto. The Company is a UCITS governed by Irish legislation and approved by the Financial Regulator as UCITS compliant with European regulations although may not have to comply with the same rules as those applicable to a similar product approved in France. Certain of the Funds have been registered for marketing in France by the Authority Financial Markets (Autorité des Marchés Financiers) and may be distributed to investors in France. Copies of all documents (i.e. the prospectus (including any supplements or addenda thereto, the Key Investor Information Document, the latest annual reports and the memorandum of incorporation and articles of association) are available in France, free of charge, at the French Centralizing Agent, Société Générale, Securities Services, at 1-5 rue du Débarcadère, 92700 Colombes – France. Germany: The offering of the Shares of the Fund has been notified to the German Financial Services Supervisory Authority (BaFin) in accordance with section 310 of the German Investment Code (KAGB). Copies of all documents (i.e. the Key Investor Information Document (in the German language), the prospectus, any supplements or addenda thereto, the latest annual reports and semi-annual reports and the memorandum of incorporation and the articles of association) can be obtained free of charge upon request at the Paying and Information Agent in Germany, HSBC Trinkaus & Burkhardt AG, Königsallee 21-23, 40212 Düsseldorf and on www.etfsecurities.com. The current offering and redemption prices as well as the net asset value and possible notifications of the investors can also be requested free of charge at the same address. In Germany the Shares will be settled as co-owner shares in a Global Bearer certificate issued by Clearstream Banking AG. This type of settlement only occurs in Germany because there is no direct link between the English and German clearing and settlement systems CREST and Clearstream. For this reason the ISIN used for trading of the Shares in Germany differs from the ISIN used in other countries.
Netherlands: Each Fund has been registered with the Netherlands Authority for the Financial Markets following the UCITS passport-procedure pursuant to section 2:72 of the Dutch Financial Supervision Act.
United Kingdom: Each Fund is a recognised scheme under section 264 of the Financial Services and Markets Act 2000 and so the prospectus may be distributed to investors in the United Kingdom. Copies of all documents (i.e. the Key Investor Information Document, the prospectus, any supplements or addenda thereto, the latest annual reports and semi-annual reports and the memorandum of incorporation and the articles of association) are available in the United Kingdom from www.etfsecurities.com.
None of the index providers of the Funds referred to herein nor their licensors make any warranty or representation whatsoever either as to the results obtained from use of the relevant indices and/or the figures at which such indices stand at any particular day or otherwise. None of the index providers shall be liable to any person for any errors or significant delays in the relevant indices nor shall be under any obligation to advise any person of any error or significant delay therein.
Equifax dataläcka visar på möjligheterna för ETF inom cybersäkerhet
I en allt mer digitaliserad värld bör oron över dataskydd, eller frånvaron av den samma vara något som driver värdet för företag inom cybersäkerhetoch relaterade ETFer. Ett av de senaste exemplen som har uppmärksammats är dataintrånget hos Equifax. Equifax dataläcka visar på möjligheterna för ETF inom cybersäkerhet och bör kunna fungera som en värdedrivare för företag som arbetat med cybersäkerhet.
Det senaste exemplet var ETFMG Prime Cyber Security ETF (NYSEArca: HACK) och First Trust Nasdaq Cybersecurity ETF (NasdaqGM: CIBR) båda steg när investerare vände sig till cybersäkerhetsaktierna i kölvattnet av Equifax dataintrång.
Upp till 143 miljoner amerikaner kan ha drabbats
Konsumentkreditskortsleverantören var involverad i ett dataintrång där hackare kan ha stulit personuppgifter om upp till 143 miljoner amerikaner. Detta var en av de största dataintrången som någonsin rapporterats.
Equifax (NYSE: EFX) sjönk 13,7% till följd av att nyheterna om att namn, personnummer, födelsedatum, adresser och körkortsnummer på nästan hälften av USAs befolkning äventyras.
Även Yahoo har drabbats
En rad stora dataintrång har skapat rubriker, till exempel när det avslöjades att Yahoo hackats förra året som drabbade en miljard och en halv miljard konton.
Motiven för hacking kan vara annorlunda vid varje incident men tenderar att vara koncentrerade till avbrott eller ekonomisk vinst.
Kreditkort och personuppgifter är livsnerven för varje dataintrång, så brottslingar fokuserade uppenbarligen på ett rikt mål som Equifax. Men de senaste rapporterna om hackare som tränger in i USAs energibolag visar att det kanske inte alltid handlar om pengar. Eftersom varje aspekt av våra liv fortsätter att bli digitaliserad på något sätt blir varje enhet ett mål och varje datapunkt blir ett pris.
