A stock basket is a group of selected stocks divided by sector or certain criteria, that allow investors to buy or sell simultaneously. An investor or a trader can change the allocation of the portfolio easily by stock baskets. If you believe a sector will have a good performance in the coming period, you buy the stock basket, while if you are expecting a weak performance, you sell the stock basket.
ICM’s stock basket products combine shares across a pool of companies from a single sector into a single tradeable instrument, allowing clients to speculate on sectors as a whole instead of having to select a single company.
Current themes offered by ICM include Biotech, Cannabis, China Ecommerce, China Technology, ESports and Gaming, and top US-based Technology stocks (FAANG). These areas are well-positioned in the current global economic climate and have been steadily gaining popularity during the current global pandemic.
The six thematic stock baskets and their respective constituents below: