Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Financial Services

Megatrends ETF duo post strong gains as cloud technology booms

ITEK and SKYY see returns of 119% and 81% since inception three years ago

HanEtf said its two megatrends products had delivered strong returns respectively since their platform launch three years ago.

ITEK, an ETF focused on disruptive technology companies across robotics and automation, cloud computing and big data, is up by 119%.

SKYY, meanwhile, which focuses on cloud computing technology including infrastructure as a service, software as a service and platform as a service has risen by 81%.

Both megatrends have seen growth in the short-term, said HanETF, with strong subscription numbers and earnings from Netflix, an ITEK holding, as well as recent deals by major US banks Morgan Stanley (NYSE:MS), Capital One and Wells Fargo to fully embrace big Cloud usage.

Anthony Ginsberg, Managing Director of GINSGlobal Index Funds added: “The timing has been excellent for investors to access the SKYY and ITEK ETFs, which provide access to disruptive tech megatrends at low cost.

“The impact of COVID-19 has accelerated the digital revolution across a wider range of sectors including healthcare, entertainment and cloud usage by major corporates while President Biden’s stimulus package has provided a significant boost to electric vehicle infrastructure and IT infrastructure.

“We expect additional re-ratings upwards for our holdings across these themes and our ETFs are among the biggest beneficiaries of this fast adoption.”

In 2021 so far, ITEK is now up 25.1% and SKYY up 15.5%.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK