The work from home trend was in motion long before the COVID-19 pandemic. As worldwide populations shelter in place, adoption of technologies that enable remote work has accelerated. Many experts believe that a major share of the people who have transitioned to working from home as a result of the coronavirus pandemic will continue you to do so even as restrictions are relaxed.
An unprecedented number of people are now working remotely. What’s more, according to PWC’s COVID-19 CFO Pulse Survey, “54% of companies plan to make a remote work option permanent.”
Those who have seized the quick coming opportunities to buy into the right companies over the past few months have certainly benefited. Many have seen double and triple returns. For those who are looking for a way to get in but not sure which individual companies to invest in and those looking to anchor other positions — LOOK NO FURTHER…
The Work From Home ETF is here!
Direxion’s newest launch, the Work From Home ETF (WFH) will track the Soloactive Remote Work Index. The WFH ETF offers a viable and reasonably priced (a 45 basis point fee) way to spread your money out among the 40 companies poised to profit from the remote work trend.
The index offers exposure to the top ten companies across four technology pillars – Cloud Technologies, Online Project and Document Management, Cybersecurity and Remote Communications. Companies are selected for the index using advanced techniques to identify the 40 stocks accelerating greater adoption of remote work.
Examples of holdings as of the ETF’s launch include Zoom Video Communications (ZM), Okta (OKTA), Crowdstrike (CRWD) and Twilio (TWLO). The index will be equal weighted at each semi-annual reconstitution.
As an index-based fund, WFH ETF offers diversification and the benefit of advanced techniques for stock-picking and the wisdom of an experienced management team.
