Thematic ETF specialist Global X has expanded its range with the launch of three ETFs offering exposure to cloud computing, US infrastructure and biotechnology, ETF Stream can reveal.

The Global X Cloud Computing UCITS ETF (CLO), the Global X Genomics & Biotechnology UCITS ETF (GNOM) and the Global X U.S. Infrastructure Development UCITS ETF (PAVE) are listed on the London Stock Exchange with total expense ratios (TERs) of 0.55%, 0.50% and 0.47%, respectively.

All three ETFs have versions already trading in the US with a combined $6.8bn assets under management (AUM).

They are:

CLO tracks the Indxx Global Cloud Computing v2 index which currently offers exposure to 34 companies positioned to benefit from the increased adoption of cloud computing technology.

This includes companies whose principal business is in offering computing software-as-a-service (SaaS), platform-as-a-service (PaaS), Infrastructure-as-a-Service (IaaS), managed server storage space and data centre real estate investment trusts and cloud computing infrastructure and hardware.

GNOM tracks the Solactive Genomics v2 index which offers exposure to 39 companies that stand to benefit from further advances in the field of genomic science.

This includes companies involved in gene editing, genomic sequencing, genetic medicine, computational genomics and biotechnology.

Finally, tracking the Indxx U.S. Infrastructure Development v2 index, PAVE offers exposure to 99 companies that look set to benefit from increasing infrastructure activity in the US.

The launch comes months after the US Senate passed the $1.2trn Infrastructure Investment and Jobs Act on 10 August, a bill in the essence of President Joe Biden’s plans since winning the US election last November.

Commenting on the launches, Luis Berruga, CEO of Global X, said: "With these latest launches, we are continuing to expand our industry-leading thematic offerings to include three additional emerging and powerful themes: an increase in infrastructure activity in the US, further advances in the field of genomic science and increased adoption of cloud computing technology."

ETF Stream’s webinar on 10 November will discuss the latest developments in US infrastructure with Morgane Delledonne (pictured), director of research at Global X.

The latest launches mean the issuer’s ETF range in Europe now totals five having entered the market in December 2020.

The other two ETFs are:

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