There are two main ETFs available on the ASX that track the Magnificent Seven, the Global X Fang + ETF (FANG) and Global X FANG+ (Currency Hedged) ETF (FHNG). The FANG ETF is the most concentrated, holding only 10 stocks including 6 members of the Magnificent Seven – all bar Tesla (TSLA US). It has a reasonable expense ratio of 0.35% although it should be noted investors are exposed to movements in the $US as they effectively hold US stocks. This is a cheap and simple vehicle to get solid exposure to the group, unless, of course, Tesla turns the corner.
- We like the FANG ETF into dips back towards the $31-32 area.
MM is cautiously towards FANG ETF
Add To Hit List
