From Barron's Focus on Funds:
The creator of the biggest grassroots ETF success-story in recent memory, the PureFunds ISE Cyber Security exchange-traded fund (HACK), has unveiled plans for a new fund for companies in the business of drones and done-related tech.Based on all the spontaneous combustion stories the hoverboard ETF would just be a flash in the pan.
The PureFunds DroneTech exchange-traded fund will track an index, global in scope,made up of companies that are “actively involved in developing, researching, or utilizing drone-related technologies and services as part of their business model.”
That’s an amazingly wide birth that, presumably, would allow for giants such as Amazon.com (AMZN), which is experimenting in drones, as well as AeroVironment (AVAV), a microcap pure-play on “unmanned aerial systems.” GoPro (GPRO) is working on drones; Ambarella (AMBA) provides chips for GoPro and sees big growth in the “quadcopter“ marketplace. Qualcomm (QCOM) has announced products for the “consumer drone” market. Alphabet (GOOGL) acquired Titan Aerospace last year a start-up is developing jet-sized drones that can fly for years. French drone maker Parrot SA (PARRO) is no slouch, with $244 million in revenue last year. Intel (INTC) CEO Brian Krzanich demonstrated how its chips can help power drones at last year’s Consumer Electronics Show in Las Vegas....MORE