CSOP launches cloud computing ETF in Hong Kong | ETF Strategy

CSOP asset management etf hk
CSOP Asset Management has launched a thematic equity ETF in Hong Kong providing exposure to US and Chinese companies operating in the cloud computing sector. CSOP has launched a new ETF in Hong Kong, targeting cloud computing companies in the US and China. The CSOP Global Cloud Computing Technology Index ETF (3194 HK) has listed on the Stock Exchange of Hong Kong (SEHK) and comes to market with around $10 million in assets. It trades in Hong Kong dollars and has ongoing charges estimated to be 1.50%, which includes a management fee of 0.99%. The cloud computing industry has been one of the strongest growing segments of the global technology sector in recent years, a trend that has accelerated during the Covid-19 pandemic. Global research firm Gartner notes that worldwide spending on public cloud services is expected to reach $332 billion in 2021,...

New cloud computing ETF taps into fast-growing universe

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The global population has a reported 25 billion devices connected online around the world today – that’s three per person – whether it’s via your phone, thermostat or maybe even your fridge. And there is little doubt that remote working has resulted in a surge of demand for software. Lala said: “DocuSign is a great example of software as a service infrastructure that we need during this type of environment. The amount of data that's been moving to the cloud since COVID kicked in has been pretty significant. For our business, there’s Salesforce, which is cloud-based software and Zoom, of course, which has become instrumental to our lives. Then think about Disney+, Netflix … that's cloud computing. “What’s interesting is it’s become a foundation for a long-term behavioural shift, I believe. We’ve gotten used to this...

New ETF looks to capitalize on cloud computing growth

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