Bet On COVID-Themed ETFs as New Cases Rise Globally
Zacks Investment Research | Nov 26, 2021 01:26AM ET
The coronavirus outbreak is aggravating in some parts of Europe largely due to the cold weather conditions. Worsening the situation, a new variant, called B.1.1.529, has been detected in South Africa with numerous mutations (more than 30) to the spike protein (as stated in a CNBC article).
Various measures are being taken to curtail the spread which can again impact the economic recovery achieved so far from the pandemic-led slump. For instance, a 30-day state of emergency has been declared along with the imposition of several new restrictions in the Czech Republic. In fact, Austria has imposed at least a 10-day-long national lockdown to fight the resurgence. Considering the current situation, the World Health Organization has issued warning that Europe and Central Asia could witness another 700,000 COVID-19 deaths by Mar 1, 2022, per a Euronews article.
Investors who wish to ride the rally from increased preference for the COVID-themed ETFs can consider Direxion Work From Home ETF ETFs to Buy as Squid Game Boosts Netflix (NASDAQ:NFLX) Q3 Earnings ).
ETFMG Treatments Testing and Advancements ETF
Launched on Jun 17, 2020, ETFMG Treatments Testing and Advancements ETF is designed to provide exposure to biotech companies directly engaged in the testing and treatment of infectious diseases. GERM is focused on advancement with targeted exposure to the forefront of R&D, vaccines, therapies and testing technologies. It charges a fee of 68 bps a year.
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