4 ETF Areas To Keep Soaring As Coronavirus Cases Rise

The coronavirus outbreak continues to aggravate, with the United States seeing more than 60,000 new confirmed cases on a single day. In fact, a closely observed model is now predicting 224,000 deaths related to coronavirus in the United States by Nov. 1, which is 16,000 more than a prediction made last week, per a CNN report.

In order to fight the rising number of cases, states like California, Texas, Florida, Los Angeles, San Diego and Oregon along with others have halted or rolled back the reopening process, per a CNN report. It is being believed that the pausing or halting of the reopening process can derail the economic growth achieved so far after the coronavirus-induced lockdown measures.

Against this backdrop, let’s look at some ETF areas that will continue to remain strong investing options:

Biotech ETFs

The race to introduce vaccine and treatment for coronavirus is opening up opportunities, making the biotech sector a prospective space for investments. From vaccine-related positive news to progress in development of cell therapies for the treatment of coronavirus, all kept the sector surging. Notably, a few ETFs with considerable exposure to the biotech space are iShares Nasdaq Biotechnology ETF IBB, SPDR S&P Biotech ETF XBI, First Trust Amex Biotechnology Index (FBT), ARK Genomic Revolution ETF (ARKG) and VanEck Vectors Biotech ETF (BBH) (read: Moderna Inches Closer to Coronavirus Vaccine: ETFs to Shine).

Cloud Computing ETFs

In the current environment, people will try to maintain safe distancing and work remotely. Large employers like Twitter (TWTR) and Facebook (FB) have allowed their employees to work from home. Cloud computing has emerged as a key technology in the fight against coronavirus. It is supporting organizations in remotely processing a lot of information, developing and running key applications and services and helping employees across the world collaborate while working. The work-from-home model has already bumped up sales of PCs, laptops and other kind of computer peripherals.

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