There are stay-at-home traders and investors. And now, there’s a stay-at-home ETF.
The current COVID-19 pandemic has advanced many new technologies – video conferencing, compliance solutions and others. But exchange-traded fund issuer Direxion has taken it to the next level.
According to ETF Focus, the issuer filed with the Securities and Exchange Commission a prospectus for the new Direxion Stay At Home Fund which tracks the Solactive Remote Work Index.
According to the filing:
The Index is comprised of 40 U.S. listed securities and American Depository Receipts (“ADRs”) that have significant exposure to the companies that specialize in providing products that focus on the ability to work from home: remote communications, cyber security, project and document management, and cloud technologies.
While the filing doesn’t say what the underlings are going to be, such emerging and now popular technologies and companies such as Zoom, BlueJean, DropBox, Alphabet, Netflix, Amazon and Apple could be part of it.