Investors can consider targeted exchange traded funds strategies to take advantage of how COVID-19 is accelerating changing behaviors.
In the recent webcast, Accelerating Natural Selection. Investing in a Post-COVID World Economy, David Mazza, Managing Director, Product, Direxion, pointed out that working at home has already been occurring over the years, but the coronavirus pandemic and subsequent Great Shutdown only accelerated the trend. Prior to the COVID-19 pandemic, 5.7% of US employees worked entirely from home. About 43% of employed Americans already spend at least some time working remotely, and 8 million U.S. workers already work at home full-time. Looking ahead, 75% of Fortune 500 CEOs say they plan to accelerate the technological transformation of their companies, and about 54% of companies plan to make a remote work option permanent.
The remote work theme may also be an excellent way to recruit workers moving forward. According to a recent Deloitte