The CYBR ETF is a smaller ETF, with an AUM of $143.1M, but it provides investors with exposure to the high-growth industry of cybersecurity. The portfolio includes some high-quality names that we like such as PANW, FTNT, CRWD, etc.
We believe that cybersecurity as a theme is certainly not going away anytime soon, and rather, the industry is likely to see continued growth in the coming years as more industries and companies require cybersecurity services. We like the industry and we feel that in an improving economic backdrop, a lot of these names can begin to see improving sales and margins, and this will help to offset some of the currently high valuations in the sector, and therefore improve price performance. We would be comfortable holding onto this ETF.