One of the sectors that has attracted the attention of many institutional investors in recent months has been Cybersecurity.
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The Nasdaq CTA Cybersecurity Index, after resting towards the end of October 2023 on solid chart support at 2,100 points, made a major upward movement and rose above 2,840.
Quantitative analysis confirms the presence of a solid positive trend, with the main directional indicators in a long position.
After a short settlement pause, a further extension is therefore possible with a first target in the 2,870-2,875 area and a second target close to 2,900 points.
For the time being, it is difficult to hypothesise a bearish trend reversal: only a descent below 2,450 points, in fact, could provide a negative signal and trigger a rapid correction towards the next graphic support located in the 2,300-2,280 point area.
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The following ETFs can be used to invest in the cybersecurity sector:
WisdomTree Cybersecurity, ISIN IE00BLPK3577. It is an ETF that has assets under management of EUR 162 mln, which provides for total physical replication of the underlying and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.45% per annum.
L&G Cybersecurity, ISIN IE00BYPLS672. This ETF has €2,682m in assets under management and provides for full physical replication of the underlying (represented by the ISE Cyber Security UCITS index, an index that replicates companies actively engaged in providing cybersecurity services and technologies). The ETF adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.69% per annum.
Global X Cybersecurity, ISIN IE00BMH5Y871. This ETF has €27m in assets under management, physical replication of the underlying and adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.50% per annum.
Fineco AM Cybersecurity, ISIN IE000VYO9NT0. It is an ETF which provides for the synthetic replication of the underlying (via a swap) and which adopts an accumulation policy (with dividends being reinvested within the fund). The underlying is the MSCI ACWI IMI Cyber Security index (an index replicating companies around the world operating in the cyber security industry). The total expense ratio (TER) is 0.38% per annum.
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Reproduction prohibited in any form, even partial
Disclaimer
The contents of these notes and the opinions expressed should in no way be regarded as an invitation to invest. The analyses do not constitute a solicitation to buy or sell any financial instrument.The purpose of these notes is financial analysis and investment research. Where recommendations are made, they are of a general nature, are addressed to an indistinct audience and lack the element of personalisation. Although the result of extensive analysis, the information contained in these notes may contain errors. Under no circumstances can the authors be held liable for any choices made by readers on the basis of such erroneous information.erroneous information. Anyone deciding to carry out any financial transaction on the basis of the information contained in the site does so assuming full responsibility.
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