The number one question which we receive from DroneLife readers is “how do I invest in the growth of drones?” U.S. News & World Report published their answer to this question this week. It’s worth a read.
“From Lady Gaga using hundreds of Intel Corp. (ticker: INTC) Shooting Star drones during the Super Bowl halftime to Amazon.com’s (AMZN) patent for its blimp-like airborne flying center to help drones quickly deliver packages, there are plenty of reasons unmanned aerial vehicles are going mainstream. “Right now, the drone industry is going through some big changes,” says Ian Smith, host of the Commercial Drones FM podcast who also works in business development at DroneDeploy in San Francisco. “Many companies who previously focused mainly on recreational and hobby drones are pivoting to the commercial market after facing extreme pressure from the global drone market share leader [China’s] DJI.”
What else to consider. The PureFunds Drone Economy Strategy exchange-traded fund (IFLY), which launched in March 2016, focuses on the commercial drone market and includes companies such as AeroVironment (AVAV), French-based Parrot, Boeing, GoPro and Ambarella (AMBA). More than half of the portfolio is focused on aerospace and defense industry within the U.S. It carries an expense ratio of 0.75 percent and has $9.32 million in assets.
Read the full article here.