LONDON, Aug. 18, 2020 /PRNewswire/ -- Multi-asset
investment platform eToro has today launched a new cloud computing
portfolio to give retail investors access to some of the most
exciting tech companies in the world.
Cloud computing underpins many of the technologies we use daily,
including email, video streaming and social media. As the world
retreated into lockdown this year, cloud services became
increasingly important for companies big and small, and the sector
is forecast to grow 17% worldwide in 2020 as a result. That growth
is expected to continue, with analysts targeting a 14% compound
annual growth rate for the sector globally over the next five
years.
eToro's latest thematic portfolio will provide retail investors
with exposure to 30 companies in sectors vital for driving that
growth, including software as a service, healthcare, hardware,
interactive media and infrastructure.
Dani Brinker, head of
portfolio investment at eToro, comments: "Many of us rely
daily on cloud computing services, whether that's to speak to
friends, stream movies or work from home. This technology has
quietly revolutionised our lives, with some experts suggesting it's
already as important as utilities including electricity, gas and
water. And it's only just getting started! Cloud computing is vital
for many emerging technologies that are set to have a profound
influence on the world, including self-driving cars, artificial
intelligence and remote working.
"eToro is on a mission to simplify investing, making markets
accessible and transparent. Our growing range of thematic
portfolios enable people to invest in ideas they understand and use
daily, such as digital retail, food tech and now, cloud
computing."
Clients can invest in the cloud computing portfolio from as
little as $1,000. The 30 companies in
the portfolio include both major tech players that view cloud as a
revenue contributor, as well as pure players with cloud computing
at the core of their business, these include Google, IBM, Alibaba
Group Holdings, Workday Inc, Twilo and VMWare.
Notes to editors
Visit our website for more information on the Cloud Computing
Portfolio.
Sector breakdown of companies included in this portfolio:
Infographic -
https://mma.prnewswire.com/media/1229839/eToro_Sector_Breakdown_Infographic.jpg
About eToro
eToro was founded in 2007 with the vision of opening up the
global markets so that everyone can invest in a simple and
transparent way. The eToro platform enables people to invest in the
assets they want, from stocks and commodities to cryptoassets. We
are a global community of more than 14 million registered users who
share their investment strategies; and anyone can follow the
approaches of those who have been the most successful. Due to the
simplicity of the platform users can easily buy, hold and sell
assets, monitor their portfolio in real time, and transact whenever
they want. www.etoro.com
Disclaimer:
eToro is regulated in Europe by
the Cyprus Securities and Exchange Commission, by the Financial
Conduct Authority in the UK and by the Australian Securities and
Investments Commission in Australia.
CopyPortfolios™ is an investment management service
provided by eToro Europe Ltd., which is authorised and regulated by
the Cyprus Securities and Exchange Commission. Your capital is at
risk. CopyPortfolios™ is a portfolio management product.
CopyPortfolios™ should not be considered as exchange-traded funds,
nor as hedge funds.
Past performance is not an indicator of future
results.
Logo: http://mma.prnewswire.com/media/520426/eToro_Logo.jpg