Global X Cloud Computing ETF (CLOU)

[JohnCM]

Global X Cloud Computing ETF CLOU

The fund seeks to invest in companies positioned to benefit from the increased adoption of cloud computing technology, including companies whose principal business is in offering computing Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS), managed server storage space and data-center real estate investment trusts, and/or cloud and edge computing infrastructure and hardware. The fund holds about 37 securities in its basket, having pure-play cloud companies like Zscaler (ZS) and Shopify (SHOP) holding positions in the top ten holdings. It has AUM of $584.8 million and an expense ratio of 0.68%. It has gained around 14.5% in the year to date period (read: ETFs to Gain From Lifestyle Changes Amid Coronavirus Crisis).