Cloud computing companies have emerged as big winners from the Covid-19 pandemic with ETFs providing exposure to the sector notching up gains of 33% on average since 16 March, compared to 19% for the S&P 500.

A US district court has ruled in favour of Nasdaq in a civil lawsuit against white-label provider ETF Managers Group (ETFMG) over the appropriation of several ETFs including a highly profitable thematic cybersecurity fund now known as the ETFMG Prime Cyber Security ETF (HACK US). ETFMG has been ordered to pay nearly $80 million in compensation and punitive damages.

Kuala Lumpur-based Affin Hwang Asset Management has launched four new ETFs on Bursa Malaysia, the first inverse & leveraged products to list on the exchange.

Amplify ETFs has announced that the $230 million YieldShares High Income ETF (YYY US), a passively managed fund providing high levels of income by investing in closed-end funds (CEFs), has become part of the Amplify ETF Trust. The move sees the fund transition from the auspices of the Exchange Traded Concepts Trust, having been launched through a partnership between YieldShares and white-label ETF issuer Exchange Traded Concepts in June 2013. Christian Magoon, CEO and Founder of Amplify ETFs, commented, “Given the success of YYY, we are thrilled to have the fund formally become a part of the Amplify ETF Trust. As an income-oriented product, YYY is a great complement to our thematic ETF line-up.”

BlackRock has announced that the iShares US Preferred Stock ETF (PFF US) – the largest preferred stock ETF on the market with $13.7bn in AUM – will change index provider in favour of ICE Data Services, the indexing division of Intercontinental Exchange. The transition to the neew index is expected to significantly broaden the investment scope of the fund. “The iShares US Preferred Stock ETF is a premier fund serving the investment community, and we’re thrilled to have been chosen as the index provider,” said Lynn Martin, President and Chief Operating Officer of ICE Data Services.

ETF Managers Group (ETFMG) is being sued by Nasdaq for allegedly fabricating reasons to justify taking control of a number of ETFs, including the $1.1 billion fund now known as the ETFMG Prime Cyber Security ETF (NYSE Arca: HACK).

As more and more of our existence becomes digitised, cybersecurity is becoming ever more important. From our work lives, to our cars, to our homes, everything is increasingly controlled by code which, in conjunction with increased connectivity, means that cybersecurity will be of paramount importance to all of us in the years to come. For investors looking to exploit this theme, there are dedicated cybersecurity ETFs offering targeted exposure.

White label exchange-traded fund issuer ETF Managers Group (ETFMG) has announced a reduction in the management fee for the PureFunds ISE Cyber Security ETF (NYSE Arca: HACK) from 0.75% to 0.60%, effective as of 1 May 2017.

The PureFunds ISE Big Data ETF (BIGD) has added 17 new companies to its portfolio following the latest reconstitution and rebalancing of its underlying index, the ISE Big Data Index. The move brings the number of holdings to 41, adding a significant degree of diversification to the exchange-traded fund. The ETF is the only one of its kind to provide access to companies offering software and services for data analytics. According to PureFunds, Big Data is the value generated by mining and analyzing very large data sets, which have different degrees to reveal key insights, patterns, and trends. Andrew Chanin, CEO of PureFunds, said: “Businesses of all disciplines in a variety of industries are dependent on Big Data.”

The International Securities Exchange (ISE), a US-based options exchange and index provider, and SecuredGrowth Quantitative Research (SGQR), a financial research company, have announced plans to develop a series of indices that combine the performance of popular exchange-traded funds (ETFs) with a proprietary, so-called ‘SecuredGrowth’, process to enhance the return.