Keep pulling the thread on Andre Yap.
Approximately 93% of the software companies within the top holdings of the Thiem's Cloud Computing ETF (CLOD) beat their recent earnings expectations.
The recent resurgence in the Thiem's Cloud Computing ETF (CLOD) is attributed to strong second-quarter earnings reports from underlying software and cloud computing companies.
The iShares Expanded Tech-Software Sector ETF (IGV) is a major software-focused ETF that trades billions of dollars in volume and is a common choice for investors wanting exposure to the software sector.
The top 20 holdings of the Thiem's Cloud Computing ETF (CLOD) constitute approximately 80% of the portfolio's total weight.
The current fears about AI disrupting the software industry are analogous to the "death of the mall" narrative a decade ago, where retail companies in ETFs like XRT adapted to Amazon and recovered.
The Thiem's Cloud Computing ETF (CLOD) has returned 20% since the end of the first quarter.
The Thiem's Cloud Computing ETF (CLOD) has a flat year-to-date return.
The VanEck Semiconductor ETF (SMH) is up 58% year-to-date, indicating a significant performance dispersion compared to software-focused ETFs within the technology sector.