The BITA Remote Economy Giants index offers exposure to 20 US headquartered companies that derive 80% of their revenue from a number of remote services.
These include videoconferencing, online food delivery services, online gaming, telemedicine, entertainment streaming services and e-retailing.
The index is weighted by free-float market capitalisation and rebalances quarterly.
The top five holdings, which are eBay, Electronic Arts, Netflix, Amazon and Activision Blizzard, account for 49.3% of the index.
Victor Hugo Gomez (pictured), founder and CEO of BITA, commented: “Since the outbreak of COVID-19, a large portion of the global population has been forced to change their routines and lifestyle, shifting towards the remote management of a big part of their daily activities.
“Companies focused on the provision of technology-driven remote services have benefitted greatly.”
According to data from BITA, the remote economy giants index has outperformed the S&P 500 by 39% this year returning 23.5%, as of 27 April.
There have been signs investors are looking to take advantage of the shift in behaviour. Last week, the VanEck Video Gaming and eSports UCITS ETF (ESPO) broke through the €100m barrier for the first time as investors looked to capture the increase in digital gaming.
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