Cloud computing ETF rides high on global adoption of cloud technology
Despite the recent Pandemic
fuelled huge increases in expenditure on cloud technology, Anthony Ginsberg,
Co-creator of the HAN-GINS Cloud Technology UCITS ETF (SKYY) expects cloud
spending globally to gain further momentum.
He says this is because of new ‘Work From Home behaviours’, which he
sees as lasting, and the fact that Cloud now drives the Internet of Things,
elements of Healthcare Innovation such as telemedicine, Future Cars, Cyber
Security and Social Media. These themes are increasingly dependent on Cloud.
Anthony Ginsberg, Co-Creator of the SKYY cloud computing ETF said: “It is clear COVID has significantly
fast-tracked adoption rates of Cloud. We see Cloud now embedded in mainstream
work-life activities. We estimate that more
than two thirds of global organizations across most industries now use cloud
based systems. We see the highest adoption rates found in manufacturing,
healthcare and financial services.
Cloud is increasingly becoming
a utility type service – charging flexible monthly subscription fees. This
pay-for-use model will encourage even more enterprises to make the switch away
from expensive onsite data centres, which risk becoming increasingly obsolete.
The flexibility of scaling up
services, such as the Disney+ successful new online streaming service and
flexible subscription model will ensure this shift accelerates further, away
from onsite hardware. Less well known is the large adoption by governments and
the public sector in general of various Cloud services, which includes a huge
shift by large public health providers and hospitals.”
According to research firm
Canalys, Global Cloud spending hit a record high in the 2nd quarter – $34.6bn,
up 11% over prior quarter, and 30% over same 2019 period. This is reflected in the strong performance
of HAN-GINS Cloud Technology ETF (SKYY). In August it posted a gain of 7.94%,
for the last 12 months our cloud technology ETF is up 40.44%. Past performance is no
guarantee of future performance. Your capital is at risk.
The leading stocks that
contributed to SKYY’s performance in August are Salesforce up 39.93%, Zoom up
28.04% and NVIDIA up 26% in August.
About the HAN-GINS Cloud
HAN-GINSCloud Technology UCITS ETF (SKYY), is a UCITS compliant cloud computing ETF
domiciled in Ireland.
The SKYY cloud computing ETF 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