Drone ETF IFLY Now Exceeds $40 Million in Net Assets

The Drone Economy Strategy ETF, IFLY crossed over the $40 million mark in web belongings in October, led by latest progress in each day quantity.

“The first ETF focused on the emerging commercial drone market, The ETFMG Drone Economy Strategy ETF, provides an instrument for investing in this omnipresent technology segment. News coverage of this new technology has been largely dominated by articles and features on the growth in the recreational use of drones by consumers and enthusiasts. However, in parallel with this there have been a number of innovative developments from hardware and software companies ranging from well-funded start-ups to established Fortune 500 firms that together are forming an exciting enterprise ecosystem of drone solutions that address the needs of a substantial list of clients in the agriculture, construction, real estate, energy, media, and government markets.”

Top Holdings in IFLY embrace: Aerovironment, Parrrot, Boeing, GoPro, Ambarella, Kratos, L3 Technologies, Thales, Honeywell, and Textron. For extra info on IFLY, click on right here.

See associated MarketWatch article “Want to invest in the drone industry? This ETF may be your best shot.”

Alan is CEO and Publisher of DroneLife. He is serial entrepreneur, lively angel investor, and a drone fanatic. He co-founded DRONELIFE.com to handle the rising business marketplace for drones and drone know-how. Prior to DRONELIFE.com, Alan co-founded Where.com, ThinkingScreen Media, and Nurse.com.

Alan has a wealthy publishing background. At Ziff-Davis Publishing, Alan was EVP of ZDNet the place he helped construct and promote the know-how publishing powerhouse. Have an fascinating startup in the drone house? Please contact Alan at [email protected] or on LinkedIn.