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HAN-GINS Cloud Technology ETF up over 19 per cent in first year

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One of HANetf’s first ETFs, the HAN-GINS Cloud Technology UCITS (SKYY), is up over 19 per cent in its first year.

SKYY was listed on the London, Frankfurt and Milan stock exchanges in October 2018.
 
The fund tracks the Solactive Cloud Technology Index and provides investors with exposure to companies that are active in the area of cloud computing. This includes software and hardware service providers such as Alphabet, International Business Machines, Microsoft, Qualcomm, Salesforce and Verizon.
 
SKYY gained 19.16 per cent in the last 12 months (31/10/2018 – 31/10/2019) and 29.16 per cent YTD compared to another cloud-based ETF from First Trust which is up 19.99 per cent over the same period.  
 
Anthony Ginsberg, creator of the HAN-GINS Cloud Technology UCITS, says: “The significant gain in this fund is being powered by the growing importance of the cloud space for all technology. Over 60 per cent of all companies US technology spending now occurs in the Cloud area. It is the key battleground being fought over by most IT firms.
 
“Due to the explosion in interconnected devices that rely on the cloud, billion-dollar businesses have emerged and been able to flourish. These success stories would not exist without the critical cloud infrastructure needed to support them.”
 
Hector McNeil, Co-Founder of HANetf, says: “The Cloud represents a major investment theme that has been encapsulated in the HAN-GINS Cloud Technology ETF. The fund has been designed to track what is becoming one of the major industrial growth stories of the early 21st century. It sits alongside a superb range of HANetf thematic ETFs. HANetf is very focused on being the ‘value added’ ETF provider focusing on next generation products”

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