Capture Cloud Computing’s Sunny Future with ‘WCLD’ April 27, 2021
The COVID-19 pandemic transformed cloud computing from a useful tech niche into an essential one, and cloud computing ETFs have reaped the benefits. The
WisdomTree Cloud Computing Fund (WCLD) is up 89% over the past 12 months, outperforming all other cloud computing ETFs and easily beating the Dow Jones Industrial Average, which gained just 7.2% over the same period.
“The cloud pre-pandemic was like a Tesla it was new and hot,” Longbow CEO Jake Dollarhide said in an interview with CNBC. “Coming out of the pandemic, it’s like the Model T. It’s become so ubiquitous.”