Direxion Launches Leveraged Fund, FNGG
September 30, 2021 at 14:48 PM EDT
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.
