Introducing First Trust Cloud Computing UCITS ETF ("FSKY")

The development of cloud-based computing is having a massive impact on our everyday life, work and productivity. It’s no wonder that some of the giants in the world of technology are focusing their offering on cloud computing. Companies such as Amazon, Microsoft and Google quickly understood that the capabilities of the cloud go far beyond simply accessing your files from a remote location, and have expanded this to include cloud-based software, infrastructure and platforms that are transforming working practices. Oracle state that mature cloud services eliminate complexity, human error, and manual management, all while cutting administration costs by up to 80 percent.

Cloud technology has changed the way businesses look at their IT infrastructure and future costs, revolutionising the ability for companies to scale and evolve. Cloud IT Infrastructure spending grew 12.4% in the final quarter of 2019 totaling $233.4bn¹ and it is anticipated that 75% of all databases will be deployed or migrated to a cloud platform by 2022².

The First Trust Cloud Computing UCITS ETF (FSKY) is based on the ISE CTA Cloud Computing^TM Index. The index is designed to track the performance of companies that derive their revenue from the cloud computing industry. Cloud computing companies generally offer internet and technology products, services and applications delivered via the internet, as opposed to traditional computing which focuses on computer desktop applications. To be part of the index, a security must be classified as a Cloud Computing company by the Consumer Technology Association (CTA). The fund provides diversified geographical exposure to fast-growing companies in a number of different industries from countries including China, US, Canada, Germany, and Australia.