Fidelity Cloud Computing UCITS ETF USD Acc (FCLD)
XMIL 
Summary
FCLD Chart
The Cloud Computing ETF Every Growth Investor Should Consider
Since Amazon NASDAQ: AMZN launched Amazon Web Services, or AWS, in the early 2000s, tech companies have been jockeying for cloud computing market share.
FCLD: Not A Hugely Compelling Proxy For The Burgeoning Cloud Computing Wave
Cloud computing remains a highly promising opportunity, with only 30% of workloads completing cloud migration, even as generative AI raises the market profile even further. FCLD employs an NLP-oriented methodology to select cloud computing stocks across differing market caps. We highlight how FCLD is positioned against the largest ETF in this space—SKYY.
1 No-Brainer Cloud Computing ETF to Buy Right Now for Less Than $200
Any money you park in this ETF will be spread across about 50 companies heavily involved in cloud computing. One estimate is that the cloud computing market will grow by an annual average of 16.4% over the next few years.
Fidelity Cloud Computing UCITS ETF USD Acc (FCLD) FAQ
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Fidelity Cloud Computing UCITS ETF USD Acc Profile
| XMIL Exchange | US Country |
Overview
The company in question is a specialized investment fund focusing on the rapidly growing area of cloud computing. By dedicating at least 80% of its assets to securities listed in an index specifically curated to track the performance of companies involved in cloud technology, it offers investors a targeted means of capitalizing on the advancements and increased adoption of cloud services. This index encompasses a broad range of market capitalizations, highlighting the fund's commitment to capturing the variegated landscape of the cloud computing sector. Given its concentration on a particular niche rather than a broad spectrum of industries, the fund is categorized as non-diversified. This strategic focus positions the fund as an attractive option for investors looking for exposure to the potential growth and innovation in cloud computing infrastructure, platforms, and software delivered via the internet.
Products and Services
The fund offers a distinct product designed to provide investors with exposure to the cloud computing sector:
- Cloud Computing Equity Investments:
This entails investments in a diversified portfolio of companies that are pivotal in enabling the transition towards cloud-based services. Such companies range from those offering infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS), to others involved in providing the essential hardware and software that facilitate cloud services. The objective is to harness the growth potential of firms that stand to benefit from the broader adoption of cloud computing, thus offering investors an opportunity to participate in this digital transformation.
- Depositary Receipts in Cloud Computing:
The fund also invests in depositary receipts that represent securities of companies within the cloud computing index. This allows for broader and more global exposure, including to companies that may not be directly listed in the investor's home country but are integral players in the cloud computing sphere. The use of depositary receipts expands the fund's reach, enabling a more comprehensive investment in the global cloud computing industry, capturing trends, and growth patterns worldwide.
