Uni-President launches ‘FANG+’ ETF in Taiwan

Dec 10th, 2018 | By | Category: Equities

Uni-President Asset Management has launched the UPAMC NYSE FANG+ ETF (00757 TT) on the Taiwan Stock Exchange, providing exposure to a concentrated portfolio of US growth stocks from technology and tech-enabled companies.

Uni-President launches ‘FANG plus’ ETF in Taiwan

The fund provides exposure to US growth stocks from technology and tech-enabled companies.

The fund tracks the NYSE FANG+ Index which is maintained by ICE Data Indices. Constituents are selected by the ICE Data Indices Governance Committee to produce a portfolio of FAANG (Facebook, Apple, Amazon, Netflix, and Alphabet’s Google) and similar FAANG-related stocks.

Stocks selected for the index will generally exhibit characteristics of high-growth technology and internet/media companies. The committee focuses on distinguishing between traditional technology and services companies and newer, innovative, technology-utilizing companies.

To be eligible for inclusion, a stock must have a market capitalization of at least $5 billion and a trailing six-month average daily traded value of $50 million.

The index currently contains just ten stocks which are equally weighted as of the quarterly rebalance. Given the low number of constituents, performance of the index may be easily affected by price changes in a single stock.

The fund comes with an expense ratio of 1.08%.

Investors looking for access to high growth US stocks may also wish to consider the Fubon Nasdaq 100 ETF (00662 TT). The fund provides exposure to the tech-heavy Nasdaq 100 Index and is considerably cheaper with an expense ratio of 0.55%.

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