EU Data Act Fuels Momentum for Cybersecurity ETF

The iShares Cybersecurity and Tech ETF (IHAK) has surpassed a significant milestone, with its assets under management climbing above $950 million. The fund’s current volume stands at $958.29 million and it carries an expense ratio of 0.47%.

A key catalyst for this growing investor interest is the full implementation of the EU Data Act, which took effect on September 12. This comprehensive legislation establishes new mandates for corporate data access, information sharing, and cloud service portability. The heightened governance requirements are creating immediate and substantial demand for advanced cybersecurity products and services as companies rush to ensure compliance.

This regulatory shift arrives as the global cybersecurity sector is already experiencing powerful, sustained growth. The market expansion is being driven by an accelerated pace of digital transformation worldwide, evolving regulatory... Read more...