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AdvisorShares debuts FANG-based ETF

Published 07/12/2017, 02:16 PM
© Reuters.  AdvisorShares debuts FANG-based ETF
  • AdvisorShares launches the New Tech and Media ETF tracking “28 disruptive innovators,” according to CNBC.
  • The ticker FNG reflects the presence of the FANG stocks: Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX), and Alphabet (NASDAQ:GOOGL), formerly Google.
  • FANG stocks have experienced several small pullbacks recently due to concerns about overvaluation and a crowded investor space.
  • Other FNG holdings include semiconductor companies Nvidia and Broadcom (NASDAQ:AVGO), which also appear in the Philadelphia Semiconductor Index and industry-specific ETFs.
  • FNG opened at $20 with about $2.5M in seeding.
  • Other Semiconductor ETFs: SOXL, SMH, SOXX, USD, XSD, PSI, SOXS, SSG, XTH, FTXL.
  • Previously: Return of the FAANG pullback; semiconductor index down (July 6)
  • Now read: Are Stocks In A Bubble That Is About To Burst?


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