The WisdomTree Cloud Computing UCITS ETF (WCLD) is listed on the London Stock Exchange with an expense ratio of 0.4%.
WCLD tracks the performance of the BVP Nasdaq Emerging Cloud Index which is comprised of US-listed companies which are focused on cloud computing technology. The majority of the company’s revenue must come from software products through a cloud delivery model to be included in the ETF.
WisdomTree only adds companies to WCLD's portfolio that have grown their annual revenue by 15% for each of the last two years. Furthermore, it only keeps existing companies if they have grown their annual revenue by at least 7% in one of the last two years.
Jeremy Schwartz (pictured), WisdomTree's executive vice-president and global head of research, said in a statement: “As the world becomes increasingly more digital and connected, the global cloud computing market has grown exponentially and is projected to total nearly $697 billion by 2025.
“The WisdomTree Cloud Computing UCITS ETF provides investors with a focused approach to selecting cloud companies and scales the unique expertise of Nasdaq and Bessemer Venture Partners in identifying these companies.”