HAN-GINS Cloud Technology Equal Weight UCITS ETF
“Worldwide "Whole Cloud revenues" will reach $554 Billion by 2021" - IDC (April 2019)
HAN-GINS Cloud Technology Equal Weight UCITS ETF (SKYY) is a UCITS compliant Exchange Traded Fund domiciled in Ireland.
The fund tracks the Solactive Cloud Technology Equal Weight Index and seeks to provide equal-weighted access to companies with significant exposure to cloud computing technology. This will include companies from three sub themes, Infrastructure as a service (IaaS), Platform as a service (PaaS) and Software as a Service (SaaS). The index uses a basic ESG screen to exclude companies with exposure to controversial weapons and who have low fossil fuel exposure.
Please remember that the value of your investment may go down as well as up and past performance is no indication of future performance.
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Adoption of cloud services continue to grow with a shift away from traditional software and infrastructure towards software as a service and infrastructure as a service as enterprises become more digital in their approach. An increasing demand for cloud hosted applications such as video-conferencing has been accelerated by the Covid Pandemic.
SKYY avoids concentration in larger stocks by using an equal weighting methodology. This enables smaller yet innovative companies to better contribute to SKYY’s performance.
SKYY only includes companies that comply with the UN Global Compact principles, who are not involved with controversial weapons and who have low fossil fuel exposure.
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