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Will Soaring Cybercrime Drive Gains for the Global X Cybersecurity ETF?

The Global X Cybersecurity ETF has risen 20.7% year-to-date amid an increase in global cybersecurity spending. It is expected to exceed $219bn in 2023, a 12% increase from 2022. The fund is heavily concentrated in tech, primarily in software. The largest holding, Zscaler, provides cloud cybersecurity services, accounting for 9.1% of the fund as of 8 September. Meanwhile, the cybersecurity market, valued at $150bn in 2021, currently only meets around 10% of its fully-addressable market, presenting significant growth opportunity.

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