The acronym FAANG was used to refer to five of the most well-known and successful technology companies in the world: Facebook, Amazon, Apple, Netflix, and Google (now Alphabet). But with a wave of excitement about new innovations and technology a new name for the tech behemoths has emerged – the FAANG+.
The equally weighted basket of ten tech stocks: Meta Platforms, Apple, Amazon, Netflix, Microsoft, Alphabet, Class A, Tesla, Nvidia, Salesforce.com, and Advanced Micro Devices is broadly described as FAANG+.
The FAANG+ aims to track the Solactive FAANG+ Index, minus fees, and expenses. It intends to track the price movements of a portfolio of the above mentioned ten stocks, which includes seven core stocks plus three additional stocks representing the next largest, most liquid, tech-enabled stocks listed in the U.S., which is updated annually.
These ten stocks are generally the most successful and influential technology companies in the world. They are known for their strong financial performance and their ability to continuously grow their business at a steady rate. The companies are well known and have come to dominate the tech industry over the past decade, with their products and services being used by billions of people worldwide.
The FAANG+ stocks have had a significant impact on the tech industry and the world at large. They have transformed the way people communicate, shop, consume entertainment, and access information. The companies are also known for their high levels of innovation, with each one pushing the boundaries of what is possible in their respective fields.
A great way to get exposure to the technology industry as a whole is by investing in FAANG+, as buying individual stocks could deprive investors from sufficient diversification and exposes them to the individual company performance.
One way to invest in FAANG+ stocks is through the newly launched Leverage Shares FAANG+ ETP that holds these ten stocks in equal weights. Another way to gain exposure to FAANG+ is to use exchange-traded fund (ETF) that tracks the performance of these companies. For instance, Leverage Shares US Tech 100 ETP tracks the Invesco QQQ ETF, which is based on the Nasdaq-100 Index®. The Fund under most circumstances, consist of all of stocks in the index based on market capitalization, meaning that investors gain reasonably good exposure to the FAANG+ stocks.
The FAANG+ stocks have outperformed significantly in 2023 and have enjoyed a stunning rally on expected growth in artificial intelligence, with some of the constituents such as Nvidia nearly tripling in value year-to-date.
The FAANG+ stocks are trading lower in August after a spate of strong economic data caused investors to dial back expectations of rate cuts and increased the prospects of another rate hike by the end of the year, which drove up government bond yields.
FAANG+ has lost some of its shine this month as investors are concerned with the massive earnings expectations from these companies, their current valuations, and the red flags waving for tech stocks as the artificial intelligence (AI) hype fades.
At present there is disagreement between investors whether the FAANG+ stocks are overvalued. Their proponents argue that their valuations are justified based on their fundamental strength as businesses and the current dip presents a good buying opportunity. On the other hand, sceptics argue that, even with impressive business performance, the FAANG+ stocks’ prices have become so expensive that it may be difficult to realize attractive long-term profits from investing in them.
The Leveraged Shares FAANG+ ETP offer investors the ability to strategically harness market exposure to the basket of ten market leaders.
Sandeep joined Leverage Shares in September 2020. He leads research on existing and new product lines, asset classes, and strategies, with special emphasis on analysis of recent events and developments.
Sandeep has longstanding experience with financial markets. Starting with a Chicago-based hedge fund as a financial engineer, his career has spanned a variety of domains and organizations over a course of 8 years – from Barclays Capital’s Prime Services Division to (most recently) Nasdaq’s Index Research Team.
Sandeep holds an M.S. in Finance as well as an MBA from Illinois Institute of Technology Chicago.
Julian joined Leverage Shares in 2018 as part of the company’s primary expansion in Eastern Europe. He is responsible for web content and raising brand awareness.
Julian has been academically involved with economics, psychology, sociology, European politics & linguistics. He has experience in business development and marketing through business ventures of his own.
For Julian, Leverage Shares is an innovator in the field of finance & fintech, and he always looks forward with excitement to share the next big news with investors in the UK & Europe.
Violeta joined Leverage Shares in September 2022. She is responsible for conducting technical analysis, macro and equity research, providing valuable insights to help shape investment strategies for clients.
Prior to joining LS, Violeta worked at several high-profile investment firms in Australia, such as Tollhurst and Morgans Financial where she spent the past 12 years of her career.
Violeta is a certified market technician from the Australian Technical Analysts Association and holds a Post Graduate Diploma of Applied Finance and Investment from Kaplan Professional (FINSIA), Australia, where she was a lecturer for a number of years.
Oktay joined Leverage Shares in late 2019. He is responsible for driving business growth by maintaining key relationships and developing sales activity across English-speaking markets.
He joined Leverage Shares from UniCredit, where he was a corporate relationship manager for multinationals. His previous experience is in corporate finance and fund administration at firms like IBM Bulgaria and DeGiro / FundShare.
Oktay holds a BA in Finance & Accounting and a post-graduate certificate in Entrepreneurship from Babson College. He is also a CFA charterholder.
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