CLDD is the first ETF traded on the ASX to focus on the cloud computing market, providing convenient, cost-effective access to a diversified portfolio of leading companies in the global cloud computing industry.
The Index that CLDD aims to track currently comprises 36 leading cloud computing businesses, all of which derive significant revenue from the cloud ecosystem.
To be eligible for inclusion in CLDD’s index, a company’s share of revenue from cloud computing services must meet a minimum threshold. The index that CLDD aims to track is constructed so that it prioritises companies that generate the majority of their revenues from cloud-based services, making CLDD a more ‘pure play’ exposure.
Major holdings include Xero, Shopify, Dropbox, Fastly and Netflix. Diversified technology staples such as Amazon and Microsoft also make up a part of the portfolio, given the sheer size of the cloud associated revenue they generate.
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