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....
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For further details see:
FNGS: Too Much Of A Good Thing Adds To Downside Risk