Here’s a breakdown of the cloud computing ETFs discussed in the provided text:
1. Global X Cloud Computing ETF (CLOU)
* Focus: Invests in companies benefiting from increased cloud computing adoption, particularly those offering Software-as-a-Service (saas).
* market Cap: Holds mid-cap stocks.
* Rating: Zacks 2 (Buy) ranking.
* Segment: Technology AI segment.
2. ARK Next Generation Internet ETF (ARKW)
* Management: ark Investment Management (known for disruptive innovation).
* Focus: Companies reshaping industries through the shift to cloud infrastructure, mobile technology, and new/local services reliant on shared technology.
* Strategy: Invests in companies expected to benefit from shifting technology infrastructure to the cloud.
3. First trust Cloud Computing ETF (SKYY)
* The text cuts off mid-sentence for this ETF, but it is indeed clearly focused on cloud computing.
