Cybersecurity
Cyber Security Stocks Can't Hack Rally With $700 Million Erased
- Five-year-old network security index down 15% in 2016
- ETF tracking the gauge has seen market cap cut almost in half
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Investment in cyber-security companies has been anything but safe in 2016.
In the U.S. stock market, a five-year-old index tracking network security firms has slipped 15 percent in 2016, more than double the loss for the Standard & Poor’s 500 Index. Price declines and investor withdrawals have halved the value of an exchange-traded fund tied to the shares after swelling to a record $1.4 billion in July.