The Need for Investment in Cybersecurity
With increased digitization and connectivity, comes the increased risk of cybersecurity breaches. The speed at which cyber threats are evolving coupled with the constantly changing technological landscape means that cybersecurity needs to be constantly updated to remain effective.
According to the Cybersecurity Ventures Report, cybercrime will cost $6 trillion annually by 2021, up from $3 trillion in 2015. The threat of cybercrime is why organizations, governments, and individuals are increasingly investing in cybersecurity.
However, investing in cybersecurity requires a lot of specialized knowledge and resources which most people don’t have. This is where the Global X Cybersecurity ETF comes in.
Overview of Global X Cybersecurity ETF
The Global X Cybersecurity ETF is a fund that invests in companies involved in cybersecurity. It is an excellent option for those who want to invest in cybersecurity but don’t have the necessary expertise or time to do so.
The ETF was launched in September 2019 and has already proven to be successful. Its performance has outpaced the wider market and has provided investors with a great return on investment.
Why Invest in the Global X Cybersecurity ETF?
Investing in the Global X Cybersecurity ETF offers several advantages. Firstly, it provides a diversified portfolio of cybersecurity companies across different areas of the industry. This diversification reduces the risk of investing in cybersecurity.
Secondly, the ETF is an efficient way to access the cybersecurity market. The expertise required for investing in cybersecurity can be hard to come by. The ETF provides a way to invest in the industry without having to know everything about it.
Finally, the ETF has had a recent surge in interest due to the coronavirus pandemic. Remote working has led to an increase in the number of cyber threats and data breaches, which has drawn attention to the cybersecurity industry.
What Companies Are Included in the Global X Cybersecurity ETF?
The Global X Cybersecurity ETF invests in companies involved in cybersecurity across several areas of the industry. This includes companies that provide hardware, software, and services related to cybersecurity.
Some of the top holdings in the ETF include Okta Inc., Crowdstrike Holdings Inc., and Zscaler Inc. These companies provide identity management, endpoint protection, and cloud security services respectively.
Conclusion
Investing in cybersecurity is becoming increasingly important with the growth in technology and connectivity. The constantly evolving threat landscape requires specialized knowledge and resources that most people don’t have.
The Global X Cybersecurity ETF is an excellent option for those who want to invest in cybersecurity but lack the expertise or time to do so. It provides a diversified portfolio of companies involved in cybersecurity across different areas of the industry, reducing the risk of investing in cybersecurity.
Investing in the Global X Cybersecurity ETF is an efficient way to access the cybersecurity market, and its recent surge in interest due to the coronavirus pandemic has drawn attention to the cybersecurity industry.
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