WisdomTree launches new cloudtech ETF on Xetra
WisdomTree has launched a new ETF focused on companies developing cloud-based technologies on Xetra and Börse Frankfurt.
The WisdomTree Cloud Computing UCITS ETF - USD Acc aims to track the price and return performance of the BVP Nasdaq Emerging Cloud Index before fees and expenses. It invests in future-oriented listed companies that primarily provide cloud software and services to their customers.
A total of 49 companies from the USA, Canada, Australia and Israel were selected by Bessemer Venture Partners and included in the index. The individual stocks in the index are equally weighted and rebalanced every six months in February and August.