New Technology Focused ETF Playing in the Cloud

It is always interesting to see if new ETFs, in a very highly saturated marketplace, catch any attention or more importantly a sizable amount of assets.  First Trust is trying to catch the cloud computing angle, with a new ETF: First Trust ISE Cloud Computing Index Fund. As long time readers know, a lot of companies we've been interested have seen a premium attached to them over the past 24 months or so once they become 'cloud' plays. However they do tend to move in a group once heralded as a 'cloud' company.  More importantly, one wonders in a market with ADD if cloud matters anymore, as the lemmings have moved on to 'social media' as the new hot thing.

The positions over 1% exposure

Here are the positions over 1% exposure. Aruba Networks, Inc. 3.78 %TIBCO Software Inc. 3.77 %Teradata Corporation 3.67 %Amazon.com, Inc. 3.62 %Informatica Corporation 3.54 %Netflix Inc. 3.53 %Blackboard Inc. 3.49 %Salesforce.com, Inc. 3.47 %NetApp Inc. 3.47 %Open Text Corporation 3.47 %Rackspace Hosting, Inc. 3.46 %Acme Packet, Inc. 3.46 %VMware, Inc. 3.43 %F5 Networks, Inc. 3.40 %Oracle Corporation 3.35 %Equinix, Inc. 3.35 %EMC Corporation 3.34 %Akamai Technologies, Inc. 3.34 %Rightnow Technologies, Inc. 3.31 %Cisco Systems, Inc. 3.27 %Google Inc. 3.27 %Juniper Networks, Inc. 3.26 %SAP AG 3.22 %Microsoft Corporation 2.54 %International Business Machines Corporation 2.49 %Apple Inc. 2.46 %Hewlett-Packard Company 2.39 %

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