SKYY Profile
First Trust ISE Cloud Computing Index Fund (SKYY) is an exchange-traded fund that seeks investment results that correspond to the price and yield of the ISE Cloud Computing Index. The Index is a modified equal-dollar weighted index designed to track the performance of companies actively involved in the cloud computing industry, including software, services, infrastructure and technology hardware.
The SKYY ETF's holdings include companies that provide cloud software as a service (SaaS), platform as a service (PaaS), infrastructure as a service (IaaS), and other related business activities. As of 2021, the top holdings of SKYY included Microsoft, Amazon, Alphabet, Salesforce.com, and Oracle.
Investing in SKYY can provide investors with exposure to the growing cloud computing industry, which is rapidly changing the way businesses operate and manage their information technology needs. However, like any investment, it is important to carefully consider your investment goals, risk tolerance, and diversification needs before investing in SKYY or any other ETF. It is also important to keep in mind that ETFs involve risk, including the possible loss of principal.
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