As America Heads Back to the Office, Work-From-Home ETFs Diverge
- Direxion fund outpaces peers after timely entry into market
- Emles ETF tweaks strategy as remote-work theme evolves
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A clutch of upstart exchange-traded funds launched to capitalize on the shift to remote work during the pandemic are proving that a good theme will only take you so far.
While Direxion Investment’s Work From Home ETF (WFH) has surged 50% since launching last June, a pair of newer challengers from the likes of BlackRock Inc. and Emles Advisors haven’t been as fortunate. Both are significantly trailing the broader S&P 500 index since their inceptions.