Increasing AI investments are likely to boost cloud’s share of IT spending from an estimated 15% in 2023 to an estimated 40% in 2030.1
Structural Tailwinds
More data requires more cloud resources. By 2030, AI could drive over half of all online data creation, potentially benefitting cloud providers.2
Unconstrained Approach
CLOU invests without regard for sector or geography, and its most innovative companies include both household names and newcomers.
1Gartner, Nov 2023 2Gartner, Aug 2023
Key Information
ETF Summary
The Global X Cloud Computing ETF (CLOU) seeks to invest in companies positioned to benefit from the increased adoption of cloud computing technology, including companies whose principal business is in offering computing Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS), managed server storage space and data center real estate investment trusts, and/or cloud and edge computing infrastructure and hardware.
ETF Objective
The Global X Cloud Computing ETF (CLOU) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Cloud Computing Index.
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ETF Research
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