The Drone Economy Strategy ETF, IFLY crossed over the $40 million mark in net assets in October, led by recent growth in daily volume.
“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 include: Aerovironment, Parrrot, Boeing, GoPro, Ambarella, Kratos, L3 Technologies, Thales, Honeywell, and Textron. For more information on IFLY, click here.
See related MarketWatch article “Want to invest in the drone industry? This ETF may be your best shot.”
Alan is serial entrepreneur, active angel investor, and a drone enthusiast. He co-founded DRONELIFE.com to address the emerging commercial market for drones and drone technology. Prior to DRONELIFE.com, Alan co-founded Where.com, ThinkingScreen Media, and Nurse.com. Recently, Alan has co-founded Crowditz.com, a leader in Equity Crowdfunding Data, Analytics, and Insights. Alan can be reached at alan(at)dronelife.com