ETFWorld.co.uk : One of the most significant technological changes in recent years has been what is known as Cloud computing
Copyright DMF New Media – ETFWorld.co.uk
Reproduction prohibited in any form, even partial
i.e. that network of computer servers located all over the world containing data, content, applications, databases, and allowing businesses and consumers to access on-demand computing resources via the Internet.
Over the past few months, the Nasdaq Cloud Computing index has made a major leap forward and has risen quite sharply to a peak of 1,085 points.
Overcoming this last level will open up further room for growth, with theoretical targets in the 1,135-1,140 area first and around 1,180 at a later date.
The primary trend, both short-term and medium-term, is positive and is confirmed by the long position of the main directional indicators.
It is difficult for now to hypothesise a bearish trend reversal: from a graphical point of view, in fact, only a descent below 980 points could provide a negative signal and trigger a downturn of a certain consistency.
The following ETFs can be used to invest in this sector:
First Trust Cloud Computing, ISIN IE00BFD2H405. It is an ETF with €339m in assets under management, which provides for the total physical replication of the underlying (consisting of the ISE Cloud Computing index, an index that replicates the performance of stocks of companies operating in the cloud computing industry) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.60% per annum.
WisdomTree Cloud Computing, ISIN IE00BJGWQN72. This ETF has EUR 326m in assets under management and provides full physical replication of all components of the benchmark index (i.e. the BVP Nasdaq Emerging Cloud index). The ETF adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.40 per cent per annum;
Global X Cloud Computing, ISIN IE00BMH5YF48. This ETF has €32m in assets under management and provides for the total physical replication of the securities that make up the Indxx Global Cloud Computing index. The ETF adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.55% per annum.
Copyright DMF New Media – ETFWorld.co.uk
Reproduction prohibited in any form, even partial
Disclaimer
The contents of these notes and the opinions expressed should in no way be regarded as an invitation to invest. The analyses do not constitute a solicitation to buy or sell any financial instrument.The purpose of these notes is financial analysis and investment research. Where recommendations are made, they are of a general nature, are addressed to an indistinct audience and lack the element of personalisation. Although the result of extensive analysis, the information contained in these notes may contain errors. Under no circumstances can the authors be held liable for any choices made by readers on the basis of such erroneous information.erroneous information. Anyone deciding to carry out any financial transaction on the basis of the information contained in the site does so assuming full responsibility.
Subscribe to Our Newsletter
