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\nTimo Pfeiffer, Chief Markets Officer, at Solactive <\/strong><\/p>\n
\nAmong those game-changers, four technology titans form a special group, commonly known by its acronym FANG, which stands for Facebook, Amazon, Netflix, and Alphabet (formerly acknowledged as Google). Recently, the FANG-gang admitted two new members, Microsoft and Apple, in their prestigious club, effectively forming FANGMA. Evolve ETFs, one of Canada\u2019s fastest-growing ETF providers, now released a new ETF including these six FANGMA companies.<\/strong><\/p>\nThe ETF, which tracks the Solactive FANGMA Equal Weight Index, started trading on May 6th, 2021, on the Toronto Stock Exchange (TSX) under ticker symbols TECH, TECH.B and TECH.U.<\/p>\n
FANGMA stocks are enormous market drivers and are often regarded as a proxy for the entire US economy.<\/strong><\/p>\nWith products and services found in almost every household giving them a dominant stance in their respective business sector. For investors, engaging with FANGMA companies can become quite tricky since acquiring only one Amazon stock, investors need to reach deep in their pockets. With investing in Evolve ETFs\u2019 FANGMA ETF, investors can participate in the fund\u2019s performance with only a fraction of the cost that was involved if investors would buy these stocks natively.<\/p>\n
\u201cThese six companies have transformed our world and have been a big driver of growth and returns for our markets,\u201d says Raj Lala, President and CEO at Evolve<\/strong>. \u201cIn fact, last year they accounted for more than half of the performance in the S&P 500 and the NASDAQ 100. One of the numerous operational advantages of sing this fund is the fact that investors can get exposure to these six companies for a $10 starting share price. This compares with investing almost $7,000 at current market prices to purchase one share of each of these companies.\u201d<\/p>\n\u201cFANGMA companies changed the ways we communicate, work, and entertain ourselves. Their predominant market position enabled them to penetrate every household, and, admittedly, I am myself a loyal customer of all FANGMA companies,\u201d comments Timo Pfeiffer, Chief Markets Officer at Solactive<\/strong>. \u201cFANGMA companies played their cards right for a long period, allowing them to constitute high market entry barriers that possibly further corroborate their leading role even more.<\/p>\nSource : ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"
Solactive : Only a few companies hold the potential to change the life of billions of people permanently.<\/p>\n","protected":false},"author":4,"featured_media":21450,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[24],"tags":[232],"class_list":["post-22776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indexen","tag-solactive"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/22776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/comments?post=22776"}],"version-history":[{"count":2,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/22776\/revisions"}],"predecessor-version":[{"id":22780,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/22776\/revisions\/22780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/21450"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=22776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=22776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=22776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}