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There’s a Work-From-Home ETF Coming and Its Ticker is WFH

  • WFH to focus on cloud-computing and cyber-security companies
  • Direxion is expanding into ‘buy-and-hold’ funds: Mazza
Pedestrians walk through Grand Central Terminal in New York, U.S.

Pedestrians walk through Grand Central Terminal in New York, U.S.

Photographer: Michael Nagle/Bloomberg
Updated on

With millions of people around the world stuck in their home offices to help contain the coronavirus outbreak, companies that specialize in remote-working products are becoming a hot spot.

For that reason, Direxion is planning to start a new “work-from-home” exchange-traded fund that tracks industries such as cloud technologies, remote communications and cyber security, according to a filing to the Securities and Exchange Commission. The ETF will trade under the ticker WFH.