Take a look the ASX’s new cloud ETF

The ASX is set to welcome yet another exchange-traded fund (ETF). ETF provider BetaShares has announced that a new thematic fund is set to join its ranks soon – and it will track companies that operate in the cloud.

What is BetaShares

BetaShares is one of the ASX’s most well-known ETF providers. It currently offers a range of ETFs that span simple market-tracking index funds like the BetaShares Australia 200 Fund (ASX: A200) to specialised thematic ETFs like the BetaShares Global Robotics and Artificial Intelligence ETF (ASX: RBTZ).

What’s this new cloud ETF?

BetaShares has announced that the new ETF will be named the BetaShares Cloud Computing ETF, with the ticker code CLDD. There aren’t too many additional details just…