New cloud computing ETF taps into fast-growing universe

Source:- Evolve ETFs has filed a preliminary prospectus with the Canadian securities regulators for the country’s first cloud computing ETF. The Evolve Cloud Computing Index Fund (DATA) is designed to provide investors with access to companies operating in an industry that has experienced rapid growth both pre-COVID-19 and during the pandemic. Widespread work-from-home policies have increased the need for secure, reliable technology infrastructure and it’s a trend that is not expected to slow down once a vaccine is made available.

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