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Cloud & E-Commerce Gains Lift OGIG in July
['Dj Shaw']
ETF Trends
Key Takeaways:OGIG’s underlying index rose 5.1% in July, led by gains in cloud computing stocks.
That focus let the fund capture July’s cloud and e-commerce gains, VettaFi data show.
Amazon.com, Inc. (AMZN) gained nearly 14% and contributed 0.76 percentage points, VettaFi data show.
Alibaba Group Holding Ltd. (BABA), the Chinese e-commerce and cloud computing company, gained 27.4% and added 0.25 percentage points.
That was the sector’s sharpest decline, subtracting 0.69 percentage points from the index, VettaFi data show.