Global X Celebrates Cloud Computing ETF’s Win as “Newcomer ETF of the Year”

By AIT News Desk On Aug 13, 2020

Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), is pleased to celebrate the selection of the firm’s Global X Cloud Computing ETF (CLOU) as “Newcomer ETF of the Year” at the Mutual Fund Industry and ETF Awards 2020. The news coincides with the Fund’s growth to over $1 billion in assets under management (AUM), in 14 months since the Fund’s launch in April 2019. According to ETF.com, CLOU is one of just five ETFs launched in 2019 to currently surpass the $1 billion milestone.

CLOU seeks to provide targeted exposure to the cloud computing theme, favoring companies that derive more than 50% of their revenue from areas like infrastructure-as-a-service, software-as-a-service, platform-as-a-service, data center REITs, and cloud and edge computing infrastructure and components. Given CLOU’s targeted approach, its performance is expected to be more directly tied to the continued growth and adoption of cloud computing technology than more broadly defined approaches.

Since CLOU’s inception on April 12, 2019, through July 31, 2020, the Fund gained more than 50%.

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	Cumulative %		Avg Annualized %
	Data as of month-end (7/31/20)		Data as of quarter-end (6/30/20)
Expense Ratio: 0.68%	Since Inception*		1 Year		Since Inception*
FUND NAV	50.54	%	35.33	%	33.74	%
CLOSING PRICE	51.21	%	35.40	%	34.23	%
ICLOU Index	51.67	%	36.08	%	34.38	%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Market price returns are based upon the midpoint of the bid/ask spread at the close of the exchange and do not represent the returns you would receive if you traded shares at other times.

“In launching CLOU, we saw an opportunity to bring out an ETF with targeted exposure to the cloud computing theme – one of the most powerful technological disruptions in the world today. Winning this award and the strong reception from investors is a testament to our continued dedication to building a best-in-class thematic ETF suite, supported by in-depth research and innovative model portfolios,” said Luis Berruga, CEO at Global X ETFs. “I’m extremely proud to celebrate this achievement with the entire team at Global X and the Mirae Asset family.”