ISPY

The L&G Cyber Security UCITS ETF (Acc) (LSE: ISPY) is an accumulating equity ETF that seeks to replicate the ISE Cyber Security UCITS Index by giving investors diversified exposure to companies whose primary business is cybersecurity or that derive a material share of revenue from cybersecurity products and services. The fund concentrates on listed global technology and security firms across software, cloud, network security, and services, and is designed to capture thematic growth from rising cyber threats, regulatory requirements, and corporate IT spending. Returns are primarily driven by revenue and earnings growth at constituent security vendors, product adoption (cloud and endpoint security), mergers and acquisitions activity in the sector, and broader tech market sentiment. Key risks include sector concentration and single-theme volatility, sensitivity to valuation swings in growth stocks, and potential exposure to a handful of large-cap names; the ETF is typically used as a thematic satellite allocation for growth-oriented portfolios seeking direct cybersecurity exposure.