Cloud Computing ETF Update | SKYY Rebalance
- Demand
for cloud computing and cyber security have exploded in the work-from-home
economy
- Zoom
and Twilio among 13 new cloud technology companies added
- SKYY
Cloud computing ETF uses unique artificial intelligence system to select cloud computing
leaders
HANetf
announces the semi-annual rebalance for The HAN-GINS Cloud Technology UCITS ETF
(SKYY) will see the addition of 13 new cloud computing companies, many of which
provide widely adopted storage, communication and cyber security solutions for
businesses who are adopting remote-working practices in the wake of COVID-19.
SKYY
was launched in October, 2018 and uses a unique artificial intelligence process
to identify the top 50 cloud technology companies globally. With cloud
technology in high-demand, SKYY has delivered 22.18%%in the last 12 months [1]–Past
performance is no guarantee of future performance. When you trade ETFs your
capital is at risk.
The
upcoming 17th July 2020 rebalance of SKYY will see the addition of 13 new
holdings – including many leading names in the Cloud Communications and Cloud
Security area. The new additions
represent a combined 20.7% weighting [2].
Top
among the new additions to the SKYY cloud computing ETF are Twilio, entering SKYY with a capped maximum weight of 4%.
Twilio enables software developers to make and receive phone calls (using
computer programming), in addition to sending and receiving text messages, and
performing other web communication functions.
Popular
cloud-based video conferencing software prover, Zoom also enters SKYY with a
maximum 4% weight. COVID-19 has led to Zoom moving from a niche business tool
to an essential service – used for social gatherings, business meetings,
classes, and much more.
Zoom
recently announced a new business model, offering "hardware as a
service," (HaaS). It plans to lease
Zoom-branded desk phones, conference phones, and other headsets. This includes related equipment that
facilitate video conferencing (large screens, HD cameras, and interactive
whiteboards).
Commenting
on the rebalance, Anthony Ginsberg, co-creator of The HAN-GINS Cloud Technology
UCITS ETF said, “We are witnessing, in real-time, a seismic shift in the way
we work, communicate and share information. The widespread adoption of cloud
technology has been massively accelerated by COVID-19 as companies shift to
remote working patterns and adapt to the new security challenges these changes
throw up. This rebalance illustrates in stark terms, the scale and pace of this
change and by using an artificial intelligence process to identify cloud
leaders, we have repositioned SKYY to take full advantage of the post-Corona
economy which is increasingly hovering above our heads in the cloud.”
Addition |
Weight |
Description |
Twilio |
4.0 |
Cloud based communications |
Zoom |
4.0 |
Cloud based videoconferencing |
Palo Alto Networks |
3.2 |
Cloud based cyber security |
Ringcentral |
3.2 |
Cloud based communications |
Crowdstrike |
2.2 |
Cloud based cyber security |
Zscaler |
1.2 |
Cloud based cyber security |
Cloudflare |
0.6 |
Cloud based cyber security and software |
PureStorage |
0.6 |
Cloud based storage |
Beijing Sinnet Technology |
0.6 |
Cloud based data centers |
Bandwidth |
0.4 |
Cloud based communications |
Vonnage |
0.3 |
Cloud based communications |
8X8 |
0.2 |
Cloud based voice and video communications |
Avaya |
0.2 |
Cloud based communications |
For a full list of SKYY constituents, click here.
For more information on SKYY, visit our cloud computing ETF homepage.