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The following are new investments that those saving for or living in retirement might consider for their portfolios. This week: an ETF that focuses on companies involved in cloud computing.

Global X has launched the Global X Cloud Computing ETF(CLOU), an ETF that invests in companies involved in cloud computing. The EFT is linked to the Indxx Global Cloud Computing Index.

The main question goes to who it makes sense for, says Evan Beach, director of wealth advisory at Campbell Wealth Management.

"Like any sub-sector investment, it will come with a healthy share of volatility," he says. "With retirees and pre-retirees you should be thinking about consistency more than swinging for the fences in order to reduce sequence risk. That said, we do hold a very similar fund in our "unconstrained sector leaders" strategy. We use First Trust Cloud Computing ETF (SKYY)."

That model, says Beach, is only used for 10% to 20% of a very select group of clients who came from aggressive brokerages and they hate missing out on market movements up. "It is more about client management than it is about money management," he says. "The thing we like about cloud computing is that it is a secular trend that can continue to make gains even as/when we see a bear market. There is significant growth in the space as well as in the margins."

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