- Business
- Global X Cloud Computing ETF (CLOU) is an exchange-traded fund that seeks to provide investment results corresponding generally to the price and yield performance, before fees and expenses, of the Indxx Global Cloud Computing Index. The fund invests at least 80% of its total assets in securities comprising the underlying index, which tracks companies positioned to benefit from the adoption of cloud computing technologies; these include providers of Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS), managed server storage space, data center real estate investment trusts, and cloud/edge computing infrastructure and hardware. CLOU holds approximately 39 stocks without regard to sector or geography, with top exposures to leading firms such as Akamai Technologies Inc., Twilio Inc., Zoom Video Communications Inc., Salesforce Inc., Shopify Inc., Paycom Software Inc., Dropbox Inc., HubSpot Inc., Workiva Inc., and Qualys Inc.; the portfolio is heavily weighted toward information technology (88.2%), followed by communication services (4.8%), real estate (3.9%), consumer discretionary (2.4%), and health care (0.7%).
Launched on April 12, 2019, and managed by Global X Management Company LLC, a subsidiary of Mirae Asset Financial Group headquartered at 605 Third Avenue, New York, New York, the ETF targets investors seeking thematic exposure to the global cloud computing industry across developed and emerging markets.
In recent developments, Global X ETFs, CLOU's sponsor, surpassed $50 billion in U.S. assets under management in 2025 and announced multiple product updates and launches, including new ETFs focused on China's tech giants, U.S. Treasuries, defense sectors, and natural gas in 2025; the firm also expanded its offerings with covered call strategies and enhanced fixed income suites through partnerships like ICE Data Indices. CLOU itself maintains a total expense ratio of 0.68%, net assets exceeding $314 million, and has demonstrated resilience amid AI-driven cloud growth projections, with increasing IT spending on cloud expected to rise from 15% in 2023 to 40% by 2030 per Gartner estimates.