The performances of two rival funds launched to track the shift toward remote working have diverged wildly this year, as investors bet that some changes brought by the coronavirus pandemic will endure more than others.
Exchange traded fund specialist Direxion started a “work from home” product at the height of the pandemic in late June 2020. The asset manager BlackRock followed three months later with a “virtual work and life” ETF.
The two funds appear nearly identical at first glance, trading under the ticker symbols WFH and IWFH, respectively.
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