WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded
fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset
manager, announced today the launch of the WisdomTree Cybersecurity
Fund (WCBR) on NASDAQ. WCBR seeks to track the price and yield
performance, before fees and expenses, of the WisdomTree Team8
Cybersecurity Index (WTCBR), and has an expense ratio of 0.45%.
“Cybersecurity and security-oriented technology are central to
remote work environments, and the more reliance we have on remote
systems, the greater the importance and required investment in
protecting the security of these infrastructures,” explained Jeremy
Schwartz, WisdomTree Global Head of Research. “The WisdomTree
Cybersecurity Fund provides exposure to global innovations in
cybersecurity via a rules-based process and measures the exposure
of public cybersecurity companies, their products and services, to
these key development areas.”
WCBR seeks to track performance of the WisdomTree Team8
Cybersecurity Index (WTCBR), a basket of cybersecurity companies
driving key developments and innovations in the industry.
WisdomTree has leveraged data from Team8, specialists in
cybersecurity, data and fintech1, to identify cyber-relevant
companies and cybersecurity development themes.
Nadav Zafrir, Managing Partner at Team8, said, “In 2020, a rapid
pace of digital transformation dramatically accelerated, and trust
in our digital infrastructure went from very important to
absolutely critical. Amidst unprecedented challenges, remaining
digitally connected fostered impressive levels of functionality
driven by agility and, in many cases, kept the lights on. This
apparent digital resilience mustn’t fool us. Maintaining trust in
our infrastructure is achievable but requires we have our eyes wide
open and an immense cyber defense effort. We have partnered with
WisdomTree to highlight the trends and innovative solutions we
believe will enable a secure and resilient digital future.”
WCBR: What’s Under the Hood?The WisdomTree
Cybersecurity Fund (WCBR) aims to offer exposure to high-growth
companies that drive key developments and innovations in the
pure-play cybersecurity market over the medium to long term.
In order to determine if a company is primarily involved in
cybersecurity activities, the following are considered:
- Exposure to Cybersecurity Development Themes:
The key themes include privacy and digital trust, cloud security,
shift-left2, smarter security, security of things, perimeter-less
world, and resilience and recovery.
- Specialist Information: Specialist information
identifies cyber-relevant companies, leveraging the research
techniques of Team8.
- Focus and Growth: The weighting mechanism of
selected cybersecurity companies takes into account the extent of a
company’s overall involvement in the cybersecurity development
themes noted above while also tilting toward companies with higher
revenue growth rates.
Jarrett Lilien, WisdomTree President and Chief Operating
Officer, said, “WisdomTree and Team8 share a strong belief that the
best way to invest and participate in market change is to identify
the products and services with the most creative and effective
solutions for those changes. As a remote-first workplace ourselves,
we are driving innovations that are transforming the modern
workplace. We are now using this first-hand perspective in our fund
launches, as we did with our global launch of the WisdomTree Cloud
Computing Fund (WCLD), and as we are doing now with the launch of
the WisdomTree Cybersecurity Fund.”
In addition to the U.S., a UCITS ETF also launched today in
Europe on the London Stock Exchange, Borsa Italiana and
Börse Xetra.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Fund before
investing. To obtain a prospectus containing this and other
important information, call 866.909.9473 or visit wisdomtree.com.
Read the prospectus carefully before you invest.
There are risks associated with investing, including possible
loss of principal.
WCBR invests in cybersecurity companies, which generate a
meaningful part of their revenue from security protocols that
prevent intrusion and attacks to systems, networks, applications,
computers, and mobile devices. Cybersecurity companies are
particularly vulnerable to rapid changes in technology, rapid
obsolescence of products and services, the loss of patent,
copyright and trademark protections, government regulation and
competition, both domestically and internationally. Cybersecurity
company stocks, especially those which are internet related, have
experienced extreme price and volume fluctuations in the past that
have often been unrelated to their operating performance. These
companies may also be smaller and less experienced companies, with
limited product or service lines, markets or financial resources
and fewer experienced management or marketing personnel. The Fund
invests in the securities included in, or representative of, its
Index regardless of their investment merit and the Fund does not
attempt to outperform its Index or take defensive positions in
declining markets. The composition of the Index is heavily
dependent on quantitative and qualitative information and data from
one or more third parties, and the Index may not perform as
intended.
WCLD invests in cloud computing companies, which are heavily
dependent on the Internet and utilizing a distributed network of
servers over the Internet. Cloud computing companies may have
limited product lines, markets, financial resources or personnel
and are subject to the risks of changes in business cycles, world
economic growth, technological progress, and government regulation.
These companies typically face intense competition and potentially
rapid product obsolescence. Additionally, many cloud computing
companies store sensitive consumer information and could be the
target of cybersecurity attacks and other types of theft, which
could have a negative impact on these companies and the Fund.
Securities of cloud computing companies tend to be more volatile
than securities of companies that rely less heavily on technology
and, specifically, on the Internet. Cloud computing companies can
typically engage in significant amounts of spending on research and
development, and rapid changes to the field could have a material
adverse effect on a company’s operating results. The
composition of the Index is heavily dependent on quantitative and
qualitative information and data from one or more third parties and
the Index may not perform as intended.
Please read each Fund’s prospectus for specific details
regarding the Fund’s risk profile.
Statements concerning financial market trends are based on
current market conditions, which will fluctuate.
WisdomTree Funds are distributed by Foreside Fund Services LLC,
in the U.S. only. Foreside Fund Services LLC. is not affiliated
with the other entities mentioned.
Jeremy Schwartz and Jarrett Lilien are registered
representatives of Foreside Fund Services, LLC.
1 Fintech: financial technology
2 Shift-left: Developing and managing software is becoming more
agile and faster than ever. Security can’t come after the fact, but
needs to be shifted-left to the developers, embedding security
considerations from the start in a DevSecOps model
WTPR-20210125-0104
About WisdomTreeWisdomTree Investments, Inc.,
through its subsidiaries in the U.S. and Europe (collectively,
“WisdomTree”), is an exchange-traded fund (“ETF”) and
exchange-traded product (“ETP”) sponsor and asset manager
headquartered in New York. WisdomTree offers products covering
equities, fixed income, currencies, commodities and alternative
strategies. WisdomTree currently has approximately $69.3 Billion
billion in assets under management globally. For more information,
please visit www.wisdomtree.com or follow us on Twitter
@WisdomTreeETFs.
WisdomTree® is the marketing name for WisdomTree Investments,
Inc. and its subsidiaries worldwide.
About Team8Team8 is a global venture group that
creates and invests in companies at the intersection of cyber,
data, artificial intelligence and fintech. Leveraging an in-house,
multi-disciplinary team of company-builders integrated with a
dedicated community of C-level executives and thought leaders,
Team8’s model is designed to identify big problems, ideate
solutions, and accelerate success and impact through technology
innovation.
Contact Information
Media RelationsWisdomTree Investments, Inc.Jessica
Zaloom+1.917.267.3735jzaloom@wisdomtree.com /
wisdomtree@fullyvested.com
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