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Cloud Computing ETF Update | SKYY Rebalance

SKYY Rebalance | Cloud Computing ETF Update 

  • 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. 

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