Recently, large enterprises in Australia have been frequently attacked by hackers.
The details of hundreds of customers of energy wholesale company Energy Australia were exposed last week. Previously, hackers stole and leaked a large amount of customer data of telecom giant Optus and private health insurance company Medibank, causing bad social impact.
Not only large companies are plagued by cybersecurity concerns, but small and medium-sized companies are equally apprehensive about it. In this context, network security has once again become the focus of enterprise attention.
However, there are many market segments in the cybersecurity industry, and products are mixed. There is no single leading company in the world that can cover most of the cybersecurity field. And the Australian domestic market has not produced high-quality cybersecurity companies.
While cybersecurity-related stocks are lackluster, from an investment perspective, the space is not entirely without investment opportunities.
The BetaShares Global Cybersecurity ETF (ASX:HACK) is one cybersecurity-related ETF to watch.
As a passively managed ETF, its objective is to track the performance of the Nasdaq Consumer Technology Association Cybersecurity Index with the expectation of achieving market-average returns over the long term.
So, why does Boman Auscai’s analysis team think this ETF will deliver solid returns for investors in the future?
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The analysis, opinions or other information in this article is market commentary/general information, does not constitute trading advice and is for informational purposes only. Any forward-looking statements are not guarantees or representations of future performance and should not be relied upon. When making any investment, please consider the applicability of the information contained in this article based on your personal investment purpose, financial situation or personal needs, make prudent decisions and do so at your own risk.