GinsGlobal's Anthony Ginsberg discusses key takeaways from the June 2022 Cloud Technology Market Report.
Ginsberg says the HAN-GINS Cloud Technology UCITS ETF (LSE:SKYY) is a broad ETF covering 75 equal-weighted holdings, which has provided some cushion against a tough first half for global markets. Additionally, he says the ETF's global spread has also helped.
"The fundamentals of cloud continue to grow at about a 20% growth rate a year," Ginsberg told Proactive. "If you look at the revenue numbers, Cloud is actually set to overtake traditional IT spending for enterprise companies within the next two years."