2 Mutual Funds with Growth Potential
2 Mutual Funds with Growth Potential; While restriction decisions caused by the
coronavirus (Covid-19) epidemic increase the demand for technology on a global scale, cyber security is rapidly gaining importance.
Individuals who were locked away due to quarantine decisions turned to technology in order to continue their personal and business lives. The fact that almost everything happens in the online world has led to an increase in cybercrime. According to the data announced by the European Union Cyber Security Agency, e-commerce, e-payment and healthcare systems were targeted in 2020.
The obvious increase in the need for security in the digital world has caused cyber security companies to gain value.
1.First Trust NASDAQ Cybersecurity ETF
First Trust NASDAQ Cybersecurity ETF (NASDAQ: CIBR); It has 40 assets and manages an amount of about $ 2.5 billion.
Current Price: $ 38.22
52-Week Range: $ 20.87 - $ 38.88
Dividend Income: 1.32%
Cost Rate: 0.60%
The fund, which started trading in 2015, has risen over 28% since the beginning of the year and reached a record high of $ 38.88 on December 1. The fund's price-book value and price-selling ratio were 6.76 and 3.56, respectively. Experts said that a short-term profit sale in the coming days could put pressure on companies in the fund, potentially offering a better entry point than $ 36 for long-term investors.
It is worth noting that half of the company's fund consists of 10 large companies. Some of these companies; CrowdStrike (NASDAQ: CRWD), which offers protection solutions against cyber attacks in cloud-based systems, "Identity as a Service" (IDaaS) platform Okta (NASDAQ: OKTA), cloud security platform Zscaler (NASDAQ: ZS), cloud security offering management and technology consulting services platform Accenture (NYSE: ACN), network giant Cisco (NASDAQ: CSCO) and content delivery network Cloudflare (NYSE: NET).
2.iShares Cybersecurity and Tech ETF
iShares Cybersecurity and Tech ETF (NYSE: IHAK); It has 41 assets and manages over $ 167 million in assets.
Current Price: $ 34.33
52-Week Range: $ 20.36 - $ 36.36
Dividend Income: 0.64%
Cost Rate: 0.47%
The IHAK, which started trading in June 2019, has gained over 29% since the beginning of the year and saw a historic high of $ 36.36 in early September. The price-earnings and price-book value ratios for the last 12 months were 19.65 and 6.01, respectively. Investing.com; He wrote that a potential decline to $ 32.5 and below could improve the risk / earnings profile. In the analysis, it was stated that similar to CIBR, IHAK could see new peaks, and that the bottom purchases could be evaluated.
Source:
Investing.com