Technology

Why Cloud Computing Stocks & ETFs Soared This Year

Cloud is fast emerging as the new model of computing. And the pandemic has accelerated the move to the cloud.

These trends are likely to continue even after the crisis eases as many companies have already extended remote work policies.

The WisdomTree Cloud Computing ETF (WCLD) is the best performing ETF in the space, up about 68% this year. It tracks an equal-weighted index of emerging cloud companies

WCLD aims to provide a “pure-play” cloud exposure. Salesforce.com (CRM) is its top holding currently. The ETF charges 0.45% annually in fees and has about $638 million in assets.

To learn more about this and other cloud computing ETFs, please visit the ETF Center of Zacks.com.

Want key ETF info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>


Click to get this free report

salesforce.com, inc. (CRM): Free Stock Analysis Report

WisdomTree Cloud Computing ETF (WCLD): ETF Research Reports

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Technology Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More