Mirae Asset NYSE FANG+ETF MAFANG
About this Fund
The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies. The notes are unsecured and unsubordinated obligations of Bank of Montreal. Each note will have an initial principal amount of $50.
Investment Strategy & Highlights
- Theme: Tracks NYSE FANG+ (via index proxy FNGS).
- Category: Technology · managed by BMO Capital Markets.
- Diversification: 10 top holdings reported; the top 10 positions account for 100.0% of the portfolio.
- Largest position: Broadcom Inc (AVGO) at 11.58%.
- Top sector: Technology at 59.9% of holdings.
- Geographic exposure: United States (100.0%) .
- Cost: Expense ratio of 0.58% (proxy estimate) — moderate for this category.
- Track record: 3Y avg +36.60% · 5Y avg +22.26% per year.
- Trading: Listed on NSI, denominated in INR.
- Data source note: Underlying holdings and sector splits shown are sourced from index proxy FNGS; constituents mirror the proxy because both track the same index.
Curated from issuer disclosures, fund factsheets, and public market data. Figures are illustrative and not investment advice.
Key Facts
Performance Returns
Total price return over each window. 3Y/5Y use weekly close history; shorter windows use daily closes.
Risk & Volatility
Volatility = stdev of daily returns × √252. Sharpe-like = annualized mean / annualized vol (rf = 0%). Educational estimates from 1-year price history.
Technical Trend
Signal: Bullish (price > SMA50 > SMA200)
Computed from daily close history. SMA-50 above SMA-200 is the classic “golden cross” trend regime. RSI > 70 overbought · RSI < 30 oversold.
PROS
- Attractive risk-adjusted return (Sharpe~1.96).
CONS
- Overbought short-term (RSI 71).
* The pros and cons are auto-generated from fund metrics.
Price Chart
Top Holdings (10)
Holdings shown are of the underlying index proxy FNGS — this fund tracks the same index, so constituents mirror the proxy. Issuer site: official factsheet.
| # | Symbol / CUSIP | Name | Weight % |
|---|---|---|---|
| 1 | AVGO | Broadcom Inc | +11.58% |
| 2 | AMZN | Amazon.com Inc | +11.31% |
| 3 | NVDA | NVIDIA Corp | +10.46% |
| 4 | GOOGL | Alphabet Inc Class A | +10.26% |
| 5 | MU | Micron Technology Inc | +10.13% |
| 6 | META | Meta Platforms Inc Class A | +9.80% |
| 7 | MSFT | Microsoft Corp | +9.77% |
| 8 | AAPL | Apple Inc | +9.75% |
| 9 | NFLX | Netflix Inc | +8.78% |
| 10 | PLTR | Palantir Technologies Inc Ordinary Shares - Class A | +8.15% |
Top holdings as reported by the fund issuer; full list of constituents may not be available.
Sector Allocation
Latest News
Recent headlines for MAFANG (and proxy FNGS)