One man and his fund that grew to $1 billion AuM in just seven months
One ETF that caught our eye earlier this year was the topical PureFunds ISE Cyber Security EFT, Ticker HACK. The fund was in the news recently after surpassing $1 billion in AuM.  Now It has emerged that the startup company behind PureFunds is a one-man operation set up by a 29 year-old Andrew Chanin. Chanin, who previously worked in the prop trading unit of Cohen Capital Group sepcialising as an ETF Arbitrate trader, has focused on innovative ETF’s in niche sectors rather than the broader industry / index type formula favoured by the big players in the space. His first ETF’s struggled and closed in 2014, but with Cyber Security he has hit a sweet spot and attracted $1.04 billion of investment in just seven months. David Nadig, director of ETF’s at financial-data provide FactSet commented that “it’s extremely unique that you see those narrow funds get that kind of traction”
Andrew Chanin PureFunds

http://www.pureetfs.com Andrew Chanin is the co-founder and COO of PureFunds. Previously he worked in the prop trading unit of Cohen Capital Group specializing as an ETF Arbitrage trader. He began his career on the American Stock Exchange for Kellogg Capital Group. Chanin has made markets in over 100 ETFs, and this experience has provided him with a vast knowledge of all varieties of ETF products. Chanin holds a Bachelor of Science in Management degree in finance from Tulane University.

Recent Quotes

"EXN's operating cost is ~$20/oz silver, so if the silver price increases, the stock could bounce back very quickly." — The Gold Report Interview with Andrew Chanin (8/28/13)

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"We are very excited about SVB; anytime you don't have to move tons of earth to get to the shiny stuff, it's a very good situation." — The Gold Report Interview with Andrew Chanin (8/28/13)

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"TV has some heavy zinc deposits that could buoy the stock when zinc does well." — The Gold Report Interview with Andrew Chanin (8/28/13)

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