Factor Advisors, a subsidiary of ETF Managers Group, alongside PureFunds, ISE ETF Ventures, Reality Shares, and DRONELIFE, today launches the PureFunds Drone Economy Strategy ETF, the first exchange-traded fund providing access to companies designing, manufacturing, and researching drones and drone technology. =
IFLY will seek to correspond to the price and yield performance of the Reality Shares Drone Index, a group of 47 companies determined based on a combination of:
- Projected revenue from drone technology;
- Direct involvement in developing or researching drone technology;
- Services provided to companies directly involved in drone technology; and
- The expected growth of a company’s revenue from drone technology.