This ETF almost doubled investors’ money. Should you invest?

The startling performance of these funds

Mirae Asset NYSE FANG+ delivered returns of 96% in 2023. That’s almost doubling your money in a year.

How did it drive such high returns?

It is an ETF (exchange-traded fund) that tracks the NYSE FANG+, a US-based index comprising just 10 companies.

It also rode on the Mag-7 wave

Of the 10, seven companies form the Magnificent Seven: Alphabet (Google), Amazon, Apple, Meta (Facebook), Microsoft, Nvidia and Tesla. They all had a great 2023.

The craze around Mirae Asset NYSE FANG+

Given the exceptional performance in 2023, it isn’t surprising that Mirae Asset NYSE FANG+ ETF is drawing investor attention.

Why are more investors flocking to this ETF?

A) It invests in leading tech companies. B) It offers global diversification. c) As of April 5, 2024,, it’s only one of the four ETFs investing in Mag-7 companies.

The price for fame

Since options to invest overseas are currently limited, investors are flocking to the best alternative.

Trading at a premium

As a result, the Mirae Asset NYSE FANG+ is trading close to Rs 96, which is Rs 14 more than its NAV as of April 5, 2024.

Should you invest?

As stated earlier, Mirae Asset NYSE FANG+ ETF is currently the most ideal way to invest in Mag-7 companies. But should you invest in it? Click on the link below to get your answer.

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