IVES Profile
The Wedbush ETFMG Global Cloud Technology ETF is designed to offer investors focused exposure to the global cloud technology sector. The fund aims to invest at least 80% of its total assets, excluding collateral from securities lending, in securities that are part of its underlying index. This index specifically tracks companies engaged in cloud technology, encompassing various aspects of cloud computing and related services.
The underlying index includes a diverse range of exchange-listed equity securities from companies worldwide that are integral to the cloud technology ecosystem. These may include firms specializing in cloud infrastructure, cloud software, cloud services, and related technology sectors. By targeting this niche, the ETF captures the performance of businesses that are pivotal in driving the growth and innovation of cloud computing technologies globally.
In addition to direct investments in index components, the fund may also invest in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) that are based on the securities of the index. This approach provides additional flexibility and access to international companies within the cloud technology space, enhancing the funds ability to offer broad, global exposure.
The Wedbush ETFMG Global Cloud Technology ETF is particularly suited for investors seeking to capitalize on the expanding market for cloud technologies, which are becoming increasingly integral to modern business operations. The funds strategy reflects a focus on capturing the performance of leading cloud technology firms, offering potential growth opportunities as the sector continues to evolve and expand in the digital age.
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