Thanks to an elevated reliance on expertise final yr, given the shift to working at dwelling, among
Thanks to an elevated reliance on expertise final yr, given the shift to working at dwelling, amongst different causes, thematics actually took off. This cost ahead must be carrying into 2021. With that in thoughts, on Thursday, ProShares, a premier ETF supplier, launched its first leveraged thematic investing ETFs.
ProShares Extremely Nasdaq Cybersecurity (UCYB) seeks funding outcomes, earlier than charges and bills, that correspond to 2 instances the day by day efficiency of the Nasdaq CTA Cybersecurity Index. ProShares Extremely Nasdaq Cloud Computing (SKYU) seeks funding outcomes, earlier than charges and bills, that correspond to 2 instances the day by day efficiency of the ISE CTA Cloud Computing Index.
“The rising want for distant computing, and our elevated reliance on safe web communications and connectivity—current themes accelerated by the coronavirus pandemic—have expanded the already vital funding alternatives within the cybersecurity and cloud computing industries,” says ProShares CEO Michael L. Sapir. “Our new ETFs will supply traders a method to acquire leveraged publicity to those quickly altering industries in a clear ETF format.”
UCYB’s index offers entry to corporations labeled as “cybersecurity” by the Shopper Know-how Affiliation (“CTA”)—corporations centered totally on the constructing, implementation, and administration of applied sciences to guard networks, computer systems, and cell gadgets from cyber threats.
SKYU’s index offers entry to corporations labeled as “cloud computing” by the CTA—companies offering Infrastructure-as-a-Service (servers, storage, and networks), Platform-as-a-Service (programs for the creation of on-line software program), and Software program-as-a-Service (software program functions delivered over the web) to their clients and end-users. Nasdaq manages each indexes.
ProShares is a frontrunner in thematic investing, with eight ETFs in its lineup. UCYB and SKYU construct on the agency’s success on this area by including new leveraged alternatives to the corporate’s strategic lineup of retail disruption, infrastructure, pet care, and transformational adjustments ETFs.
For extra data, go to https://www.proshares.com/funds/.
For extra market developments, go to ETF Tendencies.
Learn extra on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.