Want to know how to make money in drones? Investors can now hop on the drone bandwagon, without even having to get into the digital cockpit.
The nascent drone industry has been rapidly growing, with PricewaterhouseCoopers valuing the drone industry at over $127 billion. And a new ETF has paved the way for investors to try and take a piece of it. The PureFunds Drone Economy Strategy ETF currently comprises 41 companies that are involved in the drone industry.
“People really believe in the potential of the drone industry,” Andrew Chanin, CEO of PureFunds said. “This is a way for investors to get exposure.”
The drone ETF’s holdings currently include military drone manufacturer AeroVironment Inc. and consumer consumer-drone manufacturer Parrot. There are also companies that make produce drone components of drones like Ambarella, which supplies many of the chips for the cameras in high-end, commercial-grade drones and Flir, an Oregon-based sensor manufacturer that focuses on thermal imaging and makes drone cameras for drone behemoth Chinese-based drone-making giant DJI.