Sure the year is young, but nonetheless, there are trends forming. In the ETF world, there are two funds that probably are flying under your radar. And when I say “flying,” I mean in both demand and performance.
The PureFunds ISE Cyber Security ETF (HACK) and the ROBO Global Robotics and Automation Index ETF (ROBO) are two funds that come from the burgeoning thematic side of the ETF industry, which slices equities into narrow bands of focus. For these two funds, those focuses are, respectively, cybersecurity and robotics—certainly timely theses in our ever-growing global technical economy and world we live in.
ROBO has seen an increase of more than 50% in its assets under management since the beginning of the year, a remarkable achievement. The fund has attracted nearly $75 million in new assets, bringing its total assets under management to $221 million. It is also up 9% for the year, and up more than 50% in the last 12 months.
HACK has seen $104 million in 2017 inflows, putting its total AUM at $921 million as it begins to flirt with $1 billion in assets, a mark it has eclipsed before. In addition, the fund is riding a similar path of performance as ROBO, up 11.5% for the year so far and also up more than 50% in the last 12 months.
Both funds are outperforming the SPDR S&P 500 ETF Trust (SPY) year-to-date and over the last 12 months.
Year-To-Date Performance Of HACK, ROBO & SPY
12-Month Performance Of HACK, ROBO & SPY