Direxion announced it has expanded its range of buy and hold ETFs with the launch of the Direxion Work From Home ETF. This is the first ETF with a strategy designed to provide investors with comprehensive exposure to firms at the forefront of the worldwide, societal transformation towards greater adoption of flexible work.
Read More: M Financial Group Licenses FAST Software to Enable New Digital Ecosystem for Member Firms
PwC’s recent COVID-19 CFO Pulse Survey notes that more than half (54%) of companies say that going forward, they’re planning to make remote work a permanent option for roles that allow. It’s even higher (61%) among financial services firms. Because technology has allowed for greater remote productivity, trends toward more flexible work locations have increased over recent decades. Society has embraced the fact that a work-life balance does not require certain job functions to be executed in a traditional office setting. In fact, 5.2% of US, or 8 million people, worked at home in 2017, according to US Census data.
Read More: smartTrade’s Solution Awarded Best Multi-Asset EMS System by Markets Media
“We’re witnessing the greatest acceleration in the shift to remote work than we’ve ever seen before,” said David Mazza, Managing Director at Direxion. “WFH meets the demand of investors looking to gain diversified exposure to firms providing the technologies helping to improve data security, facilitate on-demand access, enable virtual collaboration, and empower digital connectivity.”
WFH seeks investment results, before fees and expenses, which track the Solactive Remote Work Index. The Solactive Remote Work Index is comprised of 40 equally-weighted U.S. listed securities and American Depository Receipts that have significant exposure to the companies specializing in providing products that focus on the ability to work from home: remote communications, cyber security, project and document management, and cloud technologies.
Read More: How Coronavirus is Impacting Multifamily Investments and the Transaction Process
