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New eToro portfolio allows investors to profit from home working boom


eToro has launched a new portfolio giving retail investors access to a collection of companies at the centre of the recent remote working boom.The 25 companies in the portfolio include household names such as Apple, Alphabet and Zoom, alongside other B2B firms offering services that are vital to employers supporting remote working, such as access management and cloud computing.

The launch comes at a time when Covid-19 is forcing millions of workers to work from home for the first time – a trend that many experts believe could become permanent.
It has led to a huge increase in demand for digital services such as video conferencing, messaging apps, project management, online document managers and digital security services.
Video conferencing provider Zoom, for example, reported a whopping 3,300 per cent year-on-year jump in profits in the second quarter, after lockdown led to a 458 per cent boost in user numbers. The firm’s shares have rocketed by more than 713 per cent since the start of the year.
Likewise, Docusign reported a 45 per cent year-on-year leap in revenue in Q2 as Covid-19 has led to a huge increase in demand for the need to sign documents electronically.
Lockdown has also fuelled a spike in the number of brands, particularly small businesses, switching to online strategies. Shopify, which provides the tools you need to set up an e-commerce firm, recently reported that its revenue had nearly doubled year-on-year.
eToro’s RemoteWork portfolio, which launches on 19 October, looks to capitalise on the success of firms such as these and to gain exposure to what is a rapidly growing sector.
Dani Brinker, Head of Portfolio Investment at eToro, says: “Covid-19 has been the main driver for the recent surge in demand by corporates for remote working solutions, a trend that has gained in popularity in recent years.
“Many companies were forced to shift large portions of their workforce to home working in just a matter of weeks, and the likely outcome will be a lasting change to how we work. For  many people, this could be the start of a permanent shift to more flexible working patterns. The genie cannot really be put back into the bottle now we have proved that it’s not necessary to trudge into an office five days a week to do our jobs.
“What does that mean? There are many benefits for both employees and employers, as well as for companies offering services that allow us to work remotely. They should see a permanent increase in demand for their services, which in most cases should translate into higher profits.
“For investors, it means that there is a whole new section of the economy to invest in that perhaps flew under the radar before Covid-19 struck.
“The RemoteWork portfolio combines the companies many people will now be working with on a daily basis with those quietly providing services essential to a future where work will be increasingly remote.”
The minimum investment in the RemoteWork portfolio is USD1,000 and, as with all eToro portfolios, investors can access tools and charts to track the portfolio’s performance, assess risk score and evaluate allocation; giving them all the information they need to decide whether the portfolio is right for them.

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