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,...