First Trust Global Portfolios launches cloud computing ETF

TER 0.6%

First Trust Global Portfolios (FTGP) has expanded its thematics range with the launch of a cloud computing ETF.

The First Trust Cloud Computing UCITS ETF (FSKY) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.6%. Tracking the ISE Cloud Computing index, the ETF offers investors exposure to companies actively involved in the cloud computing industry. Companies in the index are split into three segments; 'pure play cloud computing companies' are direct service providers for 'the cloud', actively supporting and forming the technology; 'non-pure play cloud computing companies' focus outside the cloud computing space but provide goods and services while 'technology conglo...