Robert Herjavec is my favorite “shark” in the tank. Perhaps his immigrant story resonates so well with our own family history that I like him as a person. Robert seems like a such a nice guy.
Shark Tank fans know that Robert is a player in the cyber-security industry. Wikipedia states:
“Herjavec founded the Herjavec Group in 2003, a security solutions integrator, reseller and managed service provider, of which he is currently the CEO.[10] The Herjavec Group is one of Canada’s fastest-growing technology companies and the country’s largest IT security provider, according to the Branham Group.[11] The Herjavec Group (THG) has grown from three employees in 2003 to 150 employees as of 2013, with a 643% growth rate from 2007–2012[12] and sales from $400K in 2003 to over $125 million in 2012.” ( 1)
Robert will be happy to know that ETF sponsor Factor Shares Trust is close to launching the Pure Funds ISE Cyber Security ETF [symbol: HACK]. HACK will be listed on the NYSE Arca with an annual expense ratio of 75 basis points ($75 for every $10,000 invested).
HACK will invest in hardware and software companies that focus on cybersecurity. The filing describes cybersecurity as any products and services designed to protect computer hardware, software, networks and data from unauthorized access, vulnerabilities, attacks and other breaches. (2)
While we’re not recommending it for purchase in client accounts until we can learn more about the fund specifics, I think Robert Herjavec and especially his father would be proud.
(1): http://en.wikipedia.org/wiki/Robert_Herjavec
(2) Courtesy Dorsey Wright & Associates