3 Best ETFs To Buy For A Second Coronavirus Lockdown

NYSE: HACK | ETFMG Prime Cyber Security ETF News, Ratings, and Charts

The second wave of the coronavirus is crushing the United States yet again. Over the past week, there has been an average of 158,254 cases per day, an increase of 79% from the average two weeks earlier, according to a New York Times tracker. Consequently, the market’s early-week euphoria over COVID vaccine progress has taken a retreat as investors became wary amid renewed uncertainty tracking to rising infections and shrinking economic activity.

It is evident that this wave of coronavirus is creeping around and it could again bring the country to a halt. According to experts, this may just be the beginning with things getting worse in the holiday and winter season. The accelerating rise in the COVID infections could make people stay at home willingly or by administrative orders, especially as the UK and many other European countries re-enter lockdown.

As the threat of a second-round coronavirus lockdown looms, stocks will endure some volatility, making it important for investors to invest accordingly. As ETFs provide a broad and diversified exposure at minimal operating costs, it could be a good idea to invest in ETFs from the segments that flourished during the first lockdown.

Here are three ETFs that are well-positioned to soar if the country undergoes another nation-wide lockdown: ETFMG Prime Cyber Security ETF (HACK - Get Rating), ProShares Online Retail ETF (ONLN - Get Rating), and Direxion Work From Home ETF (WFH - Get Rating).

ETFMG Prime Cyber Security ETF (HACK - Get Rating)

HACK is the first ETF to target the cybersecurity industry. The industry is relatively young, however, as the world becomes more interconnected via technology, there is a continuous demand for security. HACK is a portfolio of companies providing cybersecurity solutions that include hardware, software, and services. The fund tracks the Prime Cyber Defense Index, a market capitalization-weighted index that targets companies actively involved in providing cybersecurity technology and services.

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