Dropbox’s $8B Valuation Does Nothing for Cloud Computing ETF
November 20, 2013 at 07:00 AM EST
The First Trust ISE Cloud Computing Index Fund (NasdaqGS: SKYY) has returned 21% this year, a decent performance, but also one that lags the PowerShares QQQ (NasdaqGS: QQQ) and the Nasdaq Composite (^IXIC). Although investors have bought into the thesis that cloud-computing firms are purveyors of...