PureFunds is planning two more tech-oriented niche ETFs to join its blockbuster $1 billion PureFunds ISE Cyber Security ETF (HACK | C-36). The PureFunds DroneTech ETF and PureFunds Video Game Tech ETF will both cover very specific slices of the technology space.
The DroneTech ETF will include companies that are creating, researching or using drone technology and that are projected to both contribute to and benefit from the spread of drone technology, according to the prospectus.
Meanwhile, the video game ETF will actually target the video game, educational software and virtual reality spaces. It will include both pure-play companies and companies providing support to those spaces.
The latest filing did not include tickers, but both funds are slated to trade on the NYSE Arca and will come with expense ratios of 0.75%.
SSgA Launches Natural Resources ETF
On Wednesday, Dec. 16, State Street Global Advisors debuted its answer to the $1.8 billion iShares North American Natural Resources ETF (IGE). The SPDR S&P North American Natural Resources ETF (NANR) covers companies operating in the energy, materials and agriculture industries.
NANR is more concentrated than IGE, which holds 139 companies to the 59 in NANR’s portfolio. Although IGE is a well-established fund that launched in 2001, it comes with an expense ratio of 0.47%. NANR charges just 0.35%.
Contact Heather Bell at [email protected].