Google ChromeScreenSnapz043Factor 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.
It is an interesting basket with a lot of familiar names both large and small, though I am not sure why they bothered with GoPro.

Here is the prospectus.

This site uses Akismet to reduce spam. Learn how your comment data is processed.