Why This New Thematic ETF Could be a Winner | ETF Trends

The universe of dedicated cloud computing exchange traded funds (ETFs) doubled in size with Tuesday’s debut of the Global X Cloud Computing ETF (Nasdaq: CLOU). CLOU, the latest addition to Global X’s growing suite of thematic ETFs, targets the Indxx Global Cloud Computing Index. Companies in the new ETF are “positioned to benefit from the increased adoption of cloud computing technology, including companies whose principal business is in offering computing Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS), managed server storage space…