MicroSectors FANG+ 3 Leveraged ETNs (FNGU)
Company overview
The MicroSectors FANG+ 3x Leveraged ETN, trading as FNGU, delivers three times (3x) magnified exposure to an index comprising leading technology and growth companies. This benchmark prominently features the core "FANG" stocks: Facebook, Apple, Amazon, Netflix, and Google. While these five are generally expected to be constant inclusions, an independent index committee selects additional, comparable firms to complete the portfolio. The index mandates a minimum of ten constituent stocks, which was its initial composition, resulting in a highly concentrated allocation where all underlying holdings are equally weighted. Given its leveraged structure and daily resetting of exposure, FNGU is specifically engineered as a short-term trading instrument rather than a suitable long-term investment vehicle. Investors should be aware that daily compounding effects can cause the ETN's long-term returns to diverge significantly from those of its underlying benchmark. Before June 24, 2025, this product is listed under the ticker FNGB.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
MicroSectors FANG+ 3 Leveraged ETNs (FNGU)
No price history available.
The MicroSectors FANG+ 3x Leveraged ETN, trading as FNGU, delivers three times (3x) magnified exposure to an index comprising leading technology and growth companies. This benchmark prominently features the core "FANG" stocks: Facebook, Apple, Amazon, Netflix, and Google. While these five are generally expected to be constant inclusions, an independent index committee selects additional, comparable firms to complete the portfolio. The index mandates a minimum of ten constituent stocks, which was its initial composition, resulting in a highly concentrated allocation where all underlying holdings are equally weighted. Given its leveraged structure and daily resetting of exposure, FNGU is specifically engineered as a short-term trading instrument rather than a suitable long-term investment vehicle. Investors should be aware that daily compounding effects can cause the ETN's long-term returns to diverge significantly from those of its underlying benchmark. Before June 24, 2025, this product is listed under the ticker FNGB.
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