First Trust Global Portfolios launches 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 conglomerate cloud computing companies' indirectly utilise and support the use of cloud computing technology.