Mirae Asset NYSE FANG+ delivered returns of 96% in 2023. That’s almost doubling your money in a year.
It is an ETF (exchange-traded fund) that tracks the NYSE FANG+, a US-based index comprising just 10 companies.
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.
Given the exceptional performance in 2023, it isn’t surprising that Mirae Asset NYSE FANG+ ETF is drawing investor attention.
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.
Since options to invest overseas are currently limited, investors are flocking to the best alternative.
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.
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.