HAN-GINS Cloud Technology UCITS ETF (SKYY) is a UCITS compliant Exchange Traded Fund based in Ireland. The Fund tracks the Solactive Cloud Technology Index and strives to provide exposure to companies operating in cloud computing, such as service providers or equipment or software manufacturers with a focus on cloud computing. The fund is traded in US dollars and has a management fee of 0.59 percent. The fund works with physical replication and is accumulating, which means that it reinvests the dividends it receives.
SKYY tracks the Solactive Cloud Technology Index. The index consists of the leading companies in the cloud software and services industry. Using an AI process, SKYY consists of components weighted by market value and limited to 4%.
“Worldwide “Whole Cloud revenues” will reach $554 Billion by 2021″ – IDC (April 2019)
Transparent, modern strategy – SKYY follows a transparent rules-based index that uses an artificial intelligence-based approach to identify and capture companies involved in cloud technologies.
Efficient -In a single deal, SKYY provides access to a basket of high-exposure companies for cloud technology theme.
Global exposure -SKYY is not limited to one region or country and provides a global exposure to cloud technology companies.
Where and how can SKYY be traded?
HAN-GINS Cloud Technology UCITS ETF (SKYY) is traded today on three different exchanges, the London Stock Exchange, Deutsche Boerse (Xetra) and Borsa Italiana and can be traded in GBP, USD and EUR. This means that it is possible to trade shares in HAN-GINS Cloud Technology UCITS ETF (SKYY) through most Swedish banks and Internet brokers, such as Nordnet and Avanza .
The original article can be found at ETFmarknaden