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SKYY - Cloud Computing ETF

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SKYY - Cloud Computing ETF

 

HAN-GINS Cloud Technology Equal Weight UCITS ETF SKYY is a UCITS compliant Exchange Traded Fund domiciled in Ireland.

The fund tracks the Solactive Cloud Technology Equal Weight Index and seeks to provide equal-weighted access to companies with significant exposure to cloud computing technology. This will include companies from three sub themes, Infrastructure as a service (IaaS), Platform as a service (PaaS) and Software as a Service (SaaS).  The index uses a basic ESG to screen to exclude companies with exposure to controversial weapons and who have low fossil fuel exposure.

Road exposure to a booming industry:

Adoption of cloud services continue to grow with a shift away from traditional software and infrastructure towards software as a service and infrastructure as a service as enterprises become more digital in their approach. An increasing demand for cloud hosted applications such as video-conferencing has been accelerated by the Covid Pandemic.

Cloud computing is being adopted due to the nature of massive data being stored, movement away from expensive on-premise computing power and low the barrier to entry of using cloud technology to test new corporate ideas.