On this episode of ETF Highlight, I converse with Jay Jacobs, Head of Analysis & Technique at International X. International X is well-known for its suite of 17 ETFs targeted on disruptive progress tendencies.
Cloud is quick rising as the brand new mannequin of computing as many firms now choose to depend on cloud primarily based service suppliers for extremely specialised computing companies in order that they’ll deal with their core companies.
Cloud computing revenues soared 246% up to now decade, and are anticipated to develop by one other 30% earlier than 2023, in accordance with Gartner.
The International X Cloud Computing ETF (CLOU), which made its debut in April final 12 months, has already gathered about $468 million in property. Whereas Amazon (AMZN) and Microsoft (MSFT)—the leaders in cloud computing—are included within the portfolio, the fund’s high holdings are pure-play cloud firms like Zscaler (ZS), Shopify (SHOP) and Twilio (TWLO).
The…