Cloud Hosting

Over the past 12 months, SKYY has gained over 7% and has recovered almost all losses suffered during the 1st quarter due to the COVID-19 crisis

HanETFs cloud company-focused fund bounced back strongly in April as enforced remote working drove a surge in home-based internet activity.

Clearly the move to remote working has boosted demand for cloud services globally - including video conferencing and telemedicine, it said.

The HAN-GINS Cloud Technology UCITS ETF (LON:SKYY) jumped almost 12% over the month and Its NAV has rebounded to over US$9 per share, despite March being a difficult month, said the ETF provider.

For the 2020 year, losses are now below 2.5%, HanETF said.

Over the past 12 months, SKYY has gained over 7% and has recovered almost all losses suffered during the 1st quarter due to the COVID-19 crisis it said.

The performance has been boosted by some big technology names, with Amazon trading at close to its all-time high and Microsoft and Google also recovering well.

Other good performers included (28%), Nvidia (12%), and Equinix (7.5%) while the biggest risers were with a 43% gain, 21 (31% gain) and Kingsoft Corp (a 25.9% gain).

SKYY tracks the Solactive Cloud Technology Index.

Read the original here:
HanETF"s cloud-computing tracker bounces back strongly in April - Proactive Investors UK