HACK ETF, page-31

The recent distribution data was hard to stomach. Most of the holds in this ETF had a fantastic quarter and you would expect to be rewarded for that . I think if people begin to see that we are returning back to the office and the working from home idea is a flash in the pan, I think this will be reflected across the world. And thus a slow decline in this stock over the 2-5year period.

Good points raised above about the ASX listed companies (r.e. Hacks etc..) however we must review the operating space at which the big holds in the ETF are located. Companies like Zscaler and Crowdstrike are targeted towards the large cyber companies on the US exchanges. The trends we see here in Australia are tiny (almost insignificant) compared to say Wallmart, home depot, <insert other large American company with a IT system>.

I guess we need to see what happens...

Best of luck to all holders.