Mirae Asset AMC launches US FANG Plus ETF and FOF, which opens on 19 April, 2021.
Mirae Asset US FANG Plus ETF is based on the NYSE FANG+ Index, which is an equal-dollar weighted Index designed to represent a segment of the technology and consumer discretionary sectors consisting of 10 highly-traded growth stocks of technology and tech-enabled companies.
What are FAANG stocks?
FAANG is an acronym used to describe some of the most prominent companies in the tech sector. Originally the acronym was FANG, for Facebook, Amazon, Netflix, and Alphabet (formerly Google). In 2017, investors started including Apple in the group, turning the acronym into FAANG.
Over the past decade, the FAANG stocks have grown faster than the overall S&P 500 or the more technology-focused NASDAQ.
Constituents of FANG+ index?
The index includes the five core “FANG” stocks—Facebook, Apple, Amazon, Netflix
and Alphabet’s Google—plus another five actively-traded technology
growth stocks—Alibaba, Baidu, NVIDIA, Tesla and Twitter.
Performance of FANG+ Index vs Nasdaq 100.
As the NYSE FANG+ index tracks the five FAANG stocks and five other tech and tech-enabled leaders, it has historically outperformed the S&P 500 index and Nasdaq 100 over the last 7 years.
As every investor should know, past results don’t guarantee future success. But FANG+ companies exhibit several competitive advantages that make them appealing long-term investments.
Please note, such concentrated indices are highly volatile. Investments in FANG+ ETF or FOF can be considered, if you have a high risk appetite. For others who want US exposure, they consider investing in a broad based index like SPX 500 index fund.
