Global X Cloud Computing ETF Fundamentals and Analysis

The Global X Cloud Computing ETF is an exchange-traded fund that tracks the performance of companies involved in cloud computing.

It was launched in 2017 by Global X, a leading provider of exchange-traded funds.

The fund's underlying index is the Indxx Global Cloud Computing Index, which selects companies based on their cloud computing revenue.

The fund's portfolio consists of 55 holdings, with the top five holdings being Amazon, Microsoft, Alphabet, Salesforce, and Oracle.

These companies are leaders in the cloud computing space, providing infrastructure, platform, and software as a service.

The Global X Cloud Computing UCITS ETF aims to provide investment results that correspond to the price and yield performance of the Indxx Global Cloud Computing v2 Index.

This ETF seeks to track the performance of the Indxx Global Cloud Computing v2 Index, which means it's designed to mirror the index's movements as closely as possible.

The ETF has a leverage of 100%, which means it's a pure play on the cloud computing sector.

Here's a brief summary of the ETF's key characteristics:

When investing, it's essential to understand the costs involved. The ongoing charge, also known as OCF or TER, is a significant expense, coming in at 0.55%.

This fee is a recurring charge that's deducted from your investment. Management fees are also a part of the costs, and in this case, they're also 0.55%.

The indicative spread is another cost to consider, totaling 0.68%. This is the difference between the buying and selling price of an investment.

The Global X Cloud Computing ETF has had a significant impact on the market, with its performance figures reflecting this. The ETF's 1-year performance is 12.99%, a notable increase.

In the past month, the ETF has seen a 1.25% increase, while over the past 3 months, it has surged by 22.09%. These figures demonstrate the ETF's potential for growth.

Here's a breakdown of the ETF's performance over different time periods:

Keep in mind that past performance is not an indication of future performance, so it's essential to consider the ETF's overall strategy and risk level before making any investment decisions.