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SAIL - ETFMG Prime Cyber Security ETF: Solid Construction But Disappointing Returns
SailPoint Technologies Holdings Inc.
The ETFMG Prime Cyber Security ETF (NYSE:HACK) tracks a basket of stocks involved in solutions for cyber security including hardware, software and services. The exchange traded fund with an inception date in November of 2014 has $1.4 billion in current assets under management and is up 12.6% in 2019. The fund sponsor notes that this is a relatively young industry, which has seen spending that has grown "35x from 2003 to 2016 with 2017- 2021 spending expected to combine for $1 trillion." These numbers highlight the demand for online security as more devices