MicroSectors FANG+ ETN (FNGS)
MicroSectors FANG+ ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $79.58, down 0.59% on the session, giving a market capitalisation of $585.2M. Its beta of 1.32 implies it has historically moved more than the broad market.
This index is structured with an equal-dollar weighting to capture a particular segment of the technology and consumer discretionary sectors. It comprises highly-traded, growth-oriented companies that are either fundamentally technology firms or significantly reliant on technology. The notes themselves are unsecured, unsubordinated debt obligations of the Bank of Montreal, with each note carrying an initial principal amount of $50.
MicroSectors FANG+ ETN is most often compared with the following Financial Services names: