Global X Cloud Computing UCITS ETF
| Issuer: Global X ETFs |
| Asset Class: Equity |
| TER: 68bps |
| Trading Currency: USD |
| Pays Income: False |
| Listing Date: 04 Nov 2021 |
| Ticker: CLO |
| ISIN: IE00BMH5YF48 |
The investment provides targeted exposure to the transformative shift towards cloud computing, a significant long-term technological megatrend. This evolution involves businesses moving away from traditional on-premise hardware and software to scalable, on-demand services delivered over the internet. These services typically fall into three main categories: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). By leveraging the cloud, companies can achieve greater operational efficiency, reduce capital expenditures, and enhance their agility in a rapidly changing digital landscape. This fund captures a portfolio of global companies that are at the forefront of this digital infrastructure revolution.
The growth trajectory for the cloud computing industry is supported by several powerful tailwinds. The exponential increase in data generation, the rise of the Internet of Things (IoT), and the intensive computational demands of artificial intelligence and machine learning all rely heavily on cloud infrastructure. Furthermore, the global move towards remote and hybrid work models has accelerated the adoption of cloud-based collaboration tools and services. This instrument invests in the key enablers of this ecosystem, including companies that own and operate massive data centers, design essential hardware and networking equipment, and develop the software platforms and applications that run on the cloud.
This thematic strategy offers a way to invest in a concentrated portfolio of businesses that are well-positioned to benefit from the enduring expansion of the cloud computing market. It seeks to capture the growth potential of companies that are building and maintaining the foundational technology of the modern digital economy. For investors seeking to align their portfolio with a disruptive and high-growth area, this product provides a direct method to gain exposure to the companies powering one of the most important technological shifts of our time, from enterprise software to global data management and beyond.
