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Cloud technology ETF up nearly 30% YTD


ETF fund specialist HANetf is celebrating 12 complete months of performance from one of its inaugural ETFs, the HAN-GINS Cloud Technology UCITS (LSE: SKYY), which was listed on the London, Frankfurt and Milan stock exchanges in October 2018.

The fund tracks the Solactive Cloud Technology Index and provides investors with exposure to companies that are active in the area of cloud computing. This includes software and hardware service providers such as Alphabet, International Business Machines, Microsoft, Qualcomm, Salesforce and Verizon.

The SKYY fund has gained 19.16% in the last 12 months (31/10/2018 – 31/10/2019) and 29.16% YTD compared to another cloud-based ETF from First Trust which is up 19.99% YTD.

Anthony Ginsberg, creator of the HAN-GINS Cloud Technology UCITS, said: “The significant gain in this fund is being powered by the growing importance of the cloud space for all technology companies. Over 60% of all US technology spending now occurs in the Cloud area . It is the key battleground being fought over by most IT firms.”

Due to the explosion in interconnected devices that rely on the cloud, billion-dollar businesses have emerged and been able to flourish. These success stories would not exist without the critical cloud infrastructure needed to support them.

Hector McNeil, Co-Founder of HANetf, commented: “The Cloud represents a major investment theme that has been encapsulated in the HAN-GINS Cloud Technology ETF. The fund has been designed to track what is becoming one of the major industrial growth stories of the early 21st century. It sits alongside a superb range of HANetf thematic ETFs. HANetf is very focused on being the ‘value added’ ETF provider focusing on next generation products.”

The Solactive Cloud Technology Index is a transparent, rules-based index that uses an artificial intelligence-based approach to identify and capture companies involved in the field of Cloud technologies.

The HAN-GINS Cloud Technology UCITS ETF is domiciled in Ireland as a UCITS. It is listed on the London Stock Exchange as SKYY (USD) and SKYP (GBP) as well as Frankfurt (5XYE) and Milan (SKYY). It has recently been registered in the Netherlands and Finland for distribution. The fund has a TER of 0.75%. and is available on over 60 online investment platforms.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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