NVDA - Here's How Much It Would Cost to Build Your Own Personal Equal Weight Magnificent Seven ETF
2024-05-03 07:15:00 ET
The " Magnificent Seven " is a term coined by Bank of America analyst Michael Hartnett to describe seven tech-focused mega-cap companies -- Microsoft (NASDAQ: MSFT) , Apple (NASDAQ: AAPL) , Nvidia (NASDAQ: NVDA) , Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) , Amazon (NASDAQ: AMZN) , Meta Platforms (NASDAQ: META) , and Tesla (NASDAQ: TSLA) .
Due to their size and leadership across many industries, these companies have a lot of influence over the trajectory of major indexes like the S&P 500 and Nasdaq Composite . Investors who want a piece of each company may be interested in building their own version of a Magnificent Seven exchange-traded fund (ETF) instead of buying an ETF with a high allocation in these companies.
Here's how much this approach would cost and why it could be an effective choice for investors looking for balanced holding across all seven growth stocks .
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Here's How Much It Would Cost to Build Your Own Personal Equal Weight "Magnificent Seven" ETF