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This ETF nearly doubled returns in 2023. Good time to invest?

We make sense of Mirae Asset NYSE FANG+ ETF

This ETF nearly doubled returns in 2023. Good time to invest?

हिंदी में भी पढ़ें read-in-hindi

Standing out in an already exceptional team is rare. But just like Lionel Messi outshone his illustrious teammates in Pep Guardiola's magical Barcelona, Mirae Asset's international ETF did something similar last year as most things turned to gold in the equity market. Numerically speaking, the Mirae Asset NYSE FANG+ ETF delivered an astounding 96 per cent returns in 2023. That's almost doubling your money in just 12 months. What makes it special? It is an ETF (exchange-traded fund) that tracks the NYSE FANG+, a US-based index comprising just 10 companies. Of them, seven are part of the so-called Magnificent Seven, a select group of companies consisting of Alphabet (Google), Amazon, Apple, Meta (Facebook), Microsoft, Nvidia and Tesla. As such, they all had a rollicking 2023. The craze around Mirae Asset NYSE FAN


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