BetaShares Cloud Computing ETF
BetaShares has launched a new exchange traded product that will track the performance of the Indxx Global Cloud Computing Index, called the BetaShares Cloud Computing ETF (CLDD).
The ETF will offer exposure to global companies involved in the global cloud computing industry. Companies held in the ETF's portfolio include well known names like Xero, Dropbox and Shopify.
"Cloud-based computing services have been one of the fastest-growing segments of the global technology revolution in recent years, and given much of the world's digital data and software applications is still maintained outside the cloud, continued strong growth has been forecast," BetaShares said in an announcement.
The ETF has a management fee of 0.57 per cent per annum and expenses of 0.1 per cent per annum.