BlackRock Jumps on the Virtual-Life Bandwagon With a New Fund
- Firm plans to start a new ETF tracking remote-living companies
- Back in April, Direxion filed plans for a work-from-home fund
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BlackRock Inc. is planning to start an exchange-traded fund tracking companies that specialize in remote-working, learning and entertainment.
The world’s largest asset manager is seeking to launch the iShares Virtual Work and Life Multisector ETF, according to a filing with the Securities and Exchange Commission. The list of holdings isn’t yet available. In April, Direxion announced plans to start a new “work-from-home” fund tracking industries such as cloud technologies, remote communications and cyber security.