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Cybersecurity ETF Has a Treat For Investors: Lower Annual Fees
With all the talk of Russia’s alleged cyber interference in the 2016 U.S. presidential election and news of proven cyber security breaches, the PureFunds ISE Cyber Security ETF (NYSE: HACK) has been getting plenty of attention this year.
More importantly, HACK, the first and still the largest exchange-traded fund dedicated to cybersecurity stocks, is higher by 15.3 percent year to date. HACK is another treat for investors: a lower annual fee.
Low Management Fee
HACK’s new management fee, which went into effect at the start of May, is 0.6 percent, or the equivalent of $60 on a $10,000 investment. That is down from 0.75 percent per year.
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