Global X - Cybersecurity ETF
BUG
NASDAQ Global Market- -
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 605 Third Avenue, 43rd Floor New York NY United States of America 10158
- IPO Date
- Nov 1, 2019
- CIK
- 0001432353
- Website
- globalxetfs.com
- Similar Companies
- Business
- Global X Cybersecurity ETF (BUG) is an exchange-traded fund that provides investors with targeted exposure to companies developing and managing cybersecurity technologies, including security protocols that prevent intrusions and attacks on systems, networks, applications, computers, and mobile devices. The ETF tracks the Indxx Cybersecurity Index using a full replication technique, holding a portfolio of approximately 26 stocks primarily in the information technology sector, with top holdings such as Fortinet Inc., Check Point Software Technologies Ltd., Akamai Technologies Inc., CrowdStrike Holdings Inc., CyberArk Software Ltd., Palo Alto Networks Inc., Gen Digital Inc., Okta Inc., Rubrik Inc., and SailPoint Inc.; it invests in growth and value stocks across diversified market capitalizations in emerging and developed markets where at least 50% of revenues derive from cybersecurity activities. Launched on October 25, 2019, BUG is issued and managed by Global X ETFs, a New York-based provider of exchange-traded funds founded in 2008 and headquartered at 605 Third Avenue, 43rd Floor, New York, New York; Global X operates as a subsidiary of Mirae Asset Global Investments following its acquisition in July 2018. Global X ETFs, the issuer of BUG, maintains a broad lineup of over 80 ETFs spanning thematic growth strategies like cybersecurity, equity income, commodities, emerging markets, and alpha approaches, with total assets under management exceeding $40 billion globally. The firm distributes BUG on the Nasdaq exchange under ticker BUG (CUSIP 37954Y384; ISIN US37954Y3844), with a total expense ratio of 0.51%, semi-annual distributions, and operations domiciled in the United States; BUG also supports related UCITS versions such as the Global X Cybersecurity UCITS ETF USD Accumulating (ticker BUGG; ISIN IE00BMH5Y871) launched in Europe in November 2021. In recent years, Global X ETFs has pursued strategic expansions including the launch of new thematic ETFs such as the Global X Uranium UCITS ETF in 2022, a Bitcoin futures alternating ETF filing in August 2023, a volatile emerging markets ETF in November 2023, and a Spot Bitcoin ETF application in August 2023; the firm experienced a CEO transition in late 2023 with Luis Berruga stepping down and Ryan O'Connor appointed as CEO effective April 2024. BUG itself has seen sustained growth with net assets reaching $1.12 billion as of recent reports, amid rising cybersecurity spending projections from $178 billion in 2024 to over $450 billion by 2030, driven by sophisticated ransomware threats and AI-related opportunities. No major acquisitions, partnerships, or reorganizations specific to BUG were reported in 2024-2025, though Global X continues to emphasize AI-driven cybersecurity trends and fragmented market consolidation favoring cloud-native vendors.