Work-from-home ETFs rally as mutated coronavirus prompts new lockdown measures

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Work-from-home themed exchange-traded funds outperformed Tuesday as a new strain of coronavirus caused a fresh round of shutdowns around the world. The Direxion Work From Home ETF was up 2.1% in the early afternoon, while the WisdomTree Cloud Computing Fund gained 2.8% and the Global X Cybersecurity ETF gained 4.4%. So far, this month has been the best on record for the Global X fund, even as vaccines start to roll out, making a return to the office seem possible in the not too distant future. That may be because cybersecurity-themed ETFs benefitted more from the recent high-profile hacks of U.S. government assets than the broader work-from-home ETFs did.
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