WisdomTree has launched an ETF that provides unique exposure to rapidly growing cloud computing companies, which leverage a distributed network of servers over the internet.
The WisdomTree Cloud Computing Ucits ETF (WCLD), listed today on the London Stock Exchange, seeks to track the price and yield performance, before fees and expenses, of the BVP Nasdaq Emerging Cloud Index (EMCLOUD), and has an expense ratio of 0.40%.
"The new 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," explained Jeremy Schwartz, WisdomTree EVP and global head of Research.
Schwartz continued, "The WisdomTree Cloud Computing Ucits ETF targets cloud computing businesses, which we believe are best positioned for high levels of recurring revenue growth and have the potential to scale at a faster rate than traditional tech companies. Cloud-based businesses typically have better profit margins and higher growth than other tech companies."
It will invest in emerging public companies listed on the Nasdaq Stock Market, the New York Stock Exchange, NYSE American or the CBOE Exchange that are primarily involved in providing cloud software and services to their customers.