REX Shares launches FANG+ ETN

REX Shares, via their MicroSectors brand and BMO, has launched what it calls the first and only FANG+ linked Beta ETNs. Based on the NYSE FANG+ index, the ETN has the 10 biggest innovators in world, equally weighted, including next generation tech/tech enable firms. 

The firms represented within FNGS are FAANG plus five others: Facebook; Apple; Amazon; Netflix; Google; Baidu; Alibaba; Twitter; Tesla; and Nvidia, with 10 per cent weighting each and the goal is to provide a better barometer of tech, says Scott Acheycheck (pictured), President of REX Shares.

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