Key stats
About FIRST TR CLOUD COMPUTING ETF UNIT
Home page
Inception date
Oct 29, 2014
Structure
Canadian Mutual Fund Trust (ON)
Primary advisor
FT Portfolios Canada Co.
The fund was the first mover in the ETFs space to offer exposure to cloud computing stocks. Its index takes all stocks that fall into any one of three groups per its definitions: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). The index applies additional size, liquidity, and tradability screens. The index assigns scores of 3, 2 and 1, respectively, to these groups. A stock can receive more than one assignment. A stocks weight in the index is its score divided by the sum of all scores, which is then modified so that no single security exceeds 4.5% weight. Firm size (market cap) has no direct bearing in weighting.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.