Take your position on the remote economy
The remote economy sector shot to prominence during the covid-19 lockdowns in 2020 and 2021. But it has run a choppier course since – and commentators are divided about the likely long-term direction of travel for remote stocks.
However, the world is certainly more remote-focused than it was in 2019, and the companies powering the Remote Economy index haven’t gone away.
This is an index designed to measure the market performance of the top 20 North American publicly listed companies providing services that drive what we have come to know as the ‘remote economy’: video conferencing, online food delivery, online gaming, telemedicine, entertainment streaming and e-retailing.
The index is weighted by free-float market capitalisation and rebalanced on a quarterly basis. At any one time, the single biggest constituent might command more than 10% of the index with the smallest a fraction of 1%.
Are remote stocks here to stay?
The fundamental picture looks mixed across the companies that make up the remote economy. Since the world economy returned to pre-pandemic activity, some have continued to go from strength to strength – while others have struggled.
Traders certainly need to be across industry developments, and our own market analysts can bring you the kind of information you need to make educated trading decisions.
How to trade the Remote Economy index
You can trade the Remote Economy index with CFDs, which means you can buy (go long) or sell (go short) the market without ever owning the stocks in the relevant economies.
You can use City Index’s wealth of trading tools to make your decision on where the market’s headed next: including TradingView charts, Performance Analytics and live expert insight.