Global X Cloud Computing

ETF description

This ETF focuses on companies involved in cloud computing, an industry that provides internet‑based services such as data storage, software, and computing power. Rather than relying on physical hardware, cloud computing allows businesses and individuals to access digital tools and services remotely, making operations more efficient and scalable. The companies in this ETF range from those developing the underlying technology infrastructure to those offering software and services delivered via the cloud.

This ETF may appeal to investors who are interested in technology trends and want to invest in a sector that is expected to grow as more businesses shift to digital platforms.

Issuer details

Global X ETFs is a leading provider of specialized thematic and sector‑specific ETFs, with over $50 billion in assets under management as of June 2024. As a subsidiary of Mirae Asset Global Investments, Global X focuses on thematic investing. Founded in 2008 by Bruno del Ama, Global X ETFs is known for its focus on niche and innovative investment themes, allowing investors to access areas of the market experiencing rapid growth and transformation. Notable ETFs include the Global X Robotics & Artificial Intelligence ETF (BOTZ) and the Global X Lithium & Battery Tech ETF (LIT), reflecting Global X’s commitment to providing exposure to cutting‑edge industries and trends.

Index details

The Indxx Global Cloud Computing index is designed to provide exposure to exchange‑listed companies in developed and emerging markets that are positioned to benefit from the increased adoption of cloud computing technology, including but not limited to 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 centre REITs, and/or cloud and edge computing infrastructure and hardware (collectively, ‘Cloud Computing Companies’), as defined by Indxx LLC, the provider of the Indxx Global Cloud Computing Index.