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ICM.com Introduces "Stock Baskets" to Investors

London, UK – Monday, November 16, 2020: ICM.com, a UK-based global multi-regulated financial service provider, announced today the offering of a new program that will help in investing in popular stocks like Facebook, Apple and Amazon instantly and simultaneously. 

In today’s challenging economic environment where investors are determined to seek out returns, the focus has switched to “thematic” investment strategies - a new approach that allows to speculate on the performance of a particular sector, which reveals investible opportunities.

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.

Shoaib Abedi, the founder of ICM, commented: “In this current climate, savvy investors have developed bullish views on certain sectors, and this is a great way for them to express that.”

Current themes offered by ICM include Biotech, Cannabis, China Ecommerce, China Technology, ESports and Gaming, plus 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:

  • BIOTECH– AbbVie Inc, Amgen Inc, Gilead Sciences, Bristol-Myers Squibb Co and Vertex Pharmaceuticals Inc
  • CANNABIS – Tilray Inc, GW Pharmaceuticals PLC, Canopy Growth Corp, Aurora Cannabis Inc, Innovative Industrial Properties and Cronos Group Inc
  • CHINA ECOMMERCE– Alibaba, Trip.com, JD.com Inc., Pinduoduo Inc and Tencent Music Entertainment Group
  • CHINA TECHNOLOGY– Baidu, NetEase, Weibo, IQIYI and Bilibili
  • ESPORTS AND GAMING– Advanced Micro Devices, Nvidia, Electronic Arts, Activision and Sony
  • FAANG– Facebook Inc, Amazon.com Inc, Apple Inc, Netflix Inc and Alphabet Inc Class C (Google)
CFDs and Spot FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.31% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spot FX work, and whether you can afford to take the high risk of losing your money. Read more
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