HAN-GINS Cloud Technology UCITS ETF – SKYY

We confirm GinsGlobal’s approved merger of our Cloud Tech ETF into our larger Tech Megatrend ETF product on March 28th 2024.

The value of all client holdings in our Cloud ETF – will simply be transferred into equivalent units of our Tech Megatrends ETF.  An updated statement showing this transfer, shall be sent once the merger has been implemented. No tax implications shall incur on your holdings on the merger.

The confirmation of the merger is in the link below:

https://etp.hanetf.com/HANetf_Shareholder_Notice_EGM_Results_SKYY_ITEK_18_March_2024.docx.pdf

Our Tech Megatrend ETF (ITEK) is also listed on the London Stock exchange and includes Cloud Computing – as one of its eight equally weighted tech themes.  The other themes are AI-Robotics, Social media, Cybersecurity, Digital Entertainment (Streaming), Genomics, Blockchain and Future Cars.

ITEK rose 46% last year and benefits from the broad Digital Revolution convergence across all eight subthemes.  ITEK is globally diversified, holding a total of 120 equally weighted stocks across our 8 subthemes above.  Each subtheme is represented by the top 15 leaders (holdings) per theme.  Please see our recent ITEK monthly reports attached.

We believe it provides low-cost diversified access to the Global Tech revolution.  The annual fee remains identical to our Cloud ETF (0.59% annually).

We expect most clients to proceed with this merger.  Nothing further is required at your end.

  • However, if you prefer to redeem your Cloud ETF (SKYY) holdings and be paid out prior to the merger ( 28th March),  kindly advise before the merger , the  26th March being the last day to process any redemptions ,and a redemption form shall be sent to be completed.

The upside for Tech Megatrends remains attractive – given current low Price/Earnings ratio and the broader Tech rally expected.  Lower US interest rates are expected to be favourable for Tech stocks going forward.

Please see below for the merger circulars

https://etp.hanetf.com/HANetf_ICAV_SKYY_ITEK_Circular_Merging_Fund.pdf
https://etp.hanetf.com/HANetf_ICAV_SKYY_ITEK_Common_Terms_of_Merger.pdf

Synopsis of Cloud Technology ETF

HAN-GINS Cloud Technology UCITS ETF, is a UCITS compliant Exchange Traded Fund domiciled in Ireland. The fund tracks the Solactive Cloud Technology Index  and seeks to provide exposure to companies active in the field of cloud computing, such as service providers or producers of equipment or software focused on cloud computing.

Please remember that the value of your investment may go down as well as up and past performance is no indication of future performance.

Cloud Technology ETF (SKYY) Fact Sheets

Please note that the Cloud Tech ETF has merged into our larger Tech Megatrend ETF (ITEK) product on March 28th 2024.

2024, Feb, Cloud Technology ETF

2024, Jan, Cloud Technology ETF

Cloud Technology (SKYY) Market Monthly Report

Please note that the Cloud Tech ETF has meged into our larger Tech Megatrend ETF (ITEK) product on March 28th 2024.

Monthly Report - Feb 2024

Monthly Report - Jan 2024

Transparent, Modern Approach
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 trade, SKYY delivers access to a basket of companies with high exposure to the cloud technology theme.

Global Exposure
SKYY constituents are not limited to one region or country, providing exposure to cloud technology companies on a global basis.

    Ticker SKYY
    Asset Class  Equities
    ISIN  IE00BDDRF924
    TER  0.59%
    Custody Fee
    0.25% (if traded via GinsGlobal)
    Inception Date  05/10/2018
    Index Solactive Cloud Technology Index (Net Total Return)
    Domicile  Ireland
    Fund Reporting Status  Yes
    Legal Entity  UCITS
    Listings  BI, CBOE, ISE, LSE, Xetra

    Learn more about this fund at hanetf

    Contact
    Please approach your intermediary or contact us directly on:

    ag@ginsglobal.com
    USA (310) 432-4374 / (310) 801 4974 or 
    SA +27(0)11 8839862 / +27(0)828964234

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