Overview
Description
The WisdomTree Cloud Computing USD Accumulating Fund is an exchange-traded fund (ETF) that focuses on providing exposure to the rapidly growing cloud computing sector. This fund aims to track the performance of the global cloud computing industry, allowing investors to gain diversified access to companies involved in software-as-a-service (SaaS), platform-as-a-service (PaaS), infrastructure-as-a-service (IaaS), and other cloud-related technologies.
Key characteristics of the fund include its composition of stocks from businesses that derive a significant portion of their revenue from cloud technology. This includes prominent tech companies and innovative newcomers that are reshaping traditional computing methods. The ETF emphasizes the technological and economic impact of cloud computing across various industries, including e-commerce, cybersecurity, and data analytics.
Market significance of this ETF lies in its role as a tool for investors seeking to capitalize on the digital transformation trend without the need to select individual stocks. By investing in this fund, market participants obtain a balanced stake in the development and expansion of cloud infrastructure and services, making it an integral component of a technology-focused investment strategy.
About
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Website
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Instrument type
ETF
Country
Italy
MIC code
XMIL