–News Direct–
Anthony Ginsburg, CEO of GinsGlobal Index Fund, discusses the positive trends in cloud technology in an interview with Proactive's Steve Darling.
The Cloud Technology ETF has experienced a significant uptick, with a 10-12% increase in the last three weeks. Ginsburg attributes this growth to the Federal Reserve's decision to pause and lower rates until 2024, providing a favorable environment for cloud and growth stocks.
Cloud technology is expected to generate over $1.5 trillion in additional revenue by 2027, driven by increased spending on AI, particularly by major players like Nvidia.
Ginsburg highlighted the recession-resistant nature of cloud technology, offering companies flexible, month-to-month contracts that reduce costs and reliance on physical infrastructure.
He noted that cloud adoption is expanding beyond SMEs to include highly regulated sectors such as banks and healthcare companies. The GinsGlobal Index Fund, covering 100 different countries and a diverse ecosystem, has seen success with an unconventional 78% US and 22% Asia weighting.
The international exposure, along with the strong performance of software and cybersecurity companies, contributes to the fund's impressive 50% year-to-date gains.
As the cloud continues to evolve, Ginsburg remains optimistic about its future impact on global business.
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View source version on newsdirect.com: https://newsdirect.com/news/ginsglobal-index-fund-ceo-reveals-surging-trends-in-cloud-technology-and-impressive-etf-gains-312509756
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COMTEX_444190756/2655/2023-11-29T13:33:27
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