Overview
Description
The Evolve FANGMA Index ETF is a financial instrument designed to provide investors with exposure to six of the largest technology and internet companies in the world. These companies are Facebook (Meta), Amazon, Netflix, Google (Alphabet), Microsoft, and Apple, referred to collectively as FANGMA. By mirroring the performance of the Solactive FANGMA Equal Weight Index, this ETF allows investors to benefit from the growth and innovation of these industry-leading firms. The ETF adopts an equal-weighted approach, ensuring that each company contributes equally to the portfolio, thus minimizing concentration risk associated with any single stock. This makes the Evolve FANGMA Index ETF a significant tool for investors looking to capitalize on the technological advancements and digital transformation driven by these tech giants, impacting sectors such as communication services, consumer discretionary, and information technology. It serves a pivotal role in the market by offering diversified exposure to the companies shaping the future of the digital economy.
About
Address
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Phone
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Website
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Instrument type
ETF
Country
Canada
MIC code
NEOE