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home / news releases / QQQ - FNGS: Too Much Of A Good Thing Adds To Downside Risk

QQQ - FNGS: Too Much Of A Good Thing Adds To Downside Risk

PowerShares QQQ Trust Ser 1

2024-03-20 15:52:55 ET

Summary

  • FNGS tracks an index of 10 mega-cap tech-focused stocks commonly referred to as FANG+.
  • The strategy has significantly outperformed the broader market in recent years but also faced a deeper drawdown during the 2022 bear market.
  • FNGS can work as a tactical trading instrument but is likely too risky to completely replace more diversified ETFs with a balanced equity allocation.

The MicroSectors FANG+ ETN ( FNGS ) offers targeted exposure to a specific group of ten highly traded mega-cap stocks....

For further details see:

FNGS: Too Much Of A Good Thing Adds To Downside Risk
Stock Information
Company Name: PowerShares QQQ Trust Ser 1
Stock Symbol: QQQ
Market: NASDAQ
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