Direxion Launches Leveraged Fund, FNGG

By: ETFdb
Direxion launched the Direxion Daily Select Large Caps & FANGs Bull 2X Shares . The new leveraged fund seeks to achieve 200% of the daily performance of the ICE FANG 20 Index, which provides exposure to highly-traded technology and technology-enabled companies, such as Facebook ( FB ), Amazon ( AMZN ), Netflix ( NFLX ), and Google GOOG. As of September 10th, 2021 constituents of the ICE FANG 20 Index had a median total market capitalization of $155 billion.
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