“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.”
Adoption of alternative and renewable energy.
The story of clean energy is more than just people driving around in electric cars. This year, for example, the U.S. is on track to produce more electricity from renewable power sources than from coal.
“As economies reopen, a spike in industrial activity and energy demand will likely accelerate the trend of seeking cheaper and more renewable sources of energy,” said Matthew Bartolini, head of SPDR Americas Research at State Street Global Advisors.
The SPDR S&P Kensho Clean Power ETF (CNRG) owns a basket of 40 companies that offer renewable energy such as solar, wind, hydro and geothermal power. CNRG charges 0.45% annually and has gained 10.7% year to date versus a 2.7% loss for SCHB.
Ron DeLegge is founder and chief portfolio strategist at ETFguide, and is the author of “Habits Of The Investing Greats.”