Don’t Miss Out On Exploring Mirae Asset NYSE FANG+ ETF2 min readReading Time: 2 minutes
Just 1 day left to explore the Mirae Asset NYSE FANG+ ETF NFO, don’t miss out on the opportunity to explore in the world’s top 10 tech companies.
It’s your chance to be a part of the future of technology.
Facebook, Amazon, Apple, Netflix, Google, Twitter, Tesla, Alibaba, Nvidia, and Baidu.
Yes, you read those names right. And this is your chance to dig into the Power of 10.
The NYSE FANG+ Index is an equally weighted*, quarterly rebalanced index, consisting of 10 larger-than-life stocks.
Mirae Asset NYSE FANG+ ETF is your way into being a part of the Power of 10. The ETF replicates/tracks NYSE FANG+ Total Return Index.
In simpler words, this ETF will invest in the same stocks with the same weightage as in the NYSE FANG+ Index.
Why Should You Explore?
Mirae Asset NYSE FANG+ ETF NFO gives you a chance at international exposure to predominantly US markets.
The combined market cap of these 10 stocks is a whopping $7.7 trillion as of Feb 2021.
The absolute return of the NYSE FANG+ Index has surpassed that of NASDAQ 100 and Nifty 50 for the past 6 calendar years and on a risk-adjusted basis, it surpassed these in 4 out of 6 calendar years.
The Rupee has historically depreciated against the Dollar and Euro over the long term. Further depreciation would only add to your profits, as the value of your foreign assets increase.
Indian equity returns have a low correlation with the world market, 0.25 to be precise, and with US markets with a correlation of 0.16. Lower correlation equals diversification. A negative impact on Indian equities would not create equal ripple effects in the world and US markets which means you have a pretty good hedge.
These companies are the future of tech and it’s your turn to get to be a part of it.
*Weight of each index constituent is set at 10% (equal weight) on the date of rebalancing but may drift due to price movement observed for each stock between two rebalancing dates.
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