ISE Cloud Computing Index
The ISE CTA Cloud Computing Index is designed to track the performance of companies involved in the cloud computing industry. The companies are selected based on classification determined by Consumer Technology Association (CTA).
This index differs from BVP Nasdaq Emerging Cloud Index (EMCLOUD) in that large, blue chip companies not only included but also have the highest weighting.
This index also has an interesting weighting scheme where companies that are considered to be Infrastructure as a Service (IaaS) or Platform as a Service (PaaS) get a larger weighting than merely Software as a Service (SaaS). The weighing for each security is limited to 4.5% of the index.
Investing Options
First Trust Cloud Computing ETF (SKYY) tracks the ISE Cloud Computing Index. You can view its holdings here.