Mirae NYSE FANG+ ETF

About Mirae Asset NYSE FANG+ ETF

• Mirae Asset NYSE FANG+ ETF is an open-ended scheme belonging to Mirae Asset Mutual Fund House. It comes under the category of an Exchange Traded Fund (ETF).
• The Mumbai-registered Mirae Asset Global Investment Managers (India) Private Limited is the controlling company. Mirae Asset Trustee Company Private Limited is the trustee while Siddharth Srivastava is the fund manager.
• The scheme was launched on May 6, 2021. The ETF is listed on the NSE and BSE.
• Mirae Asset NYSE FANG+ ETF tracks NYSE FANG+ TRI and tries to ensure the ups and downs of the index is reflected to the extent possible in the fund values.
• Since its inception, the scheme has given Compounded Annualised Growth Return (CAGR) of 20.03% as of May 31, 2024.
• The ETF has seen 44.36% CAGR in the last one year and 20.86% in the last three years.
• The ETF’s net asset value (NAV) stood at ₹100.53 per unit on the NSE as of July 16, 2024. Its market capitalisation stood at ₹2,540.43 crore.
• The Assets Under Management (AUM) of Mirae Asset NYSE FANG+ ETF stood at ₹2,142.95 crore as of May 31, 2024.
• As on July 11, 2024, the scheme’s one-year tracking error stood at 0.05%.

Investment Objective and Benchmark

• The scheme aims to “generate returns, before expenses, that are commensurate with the performance of the NYSE FANG+ Total Return Index, subject to tracking error and foreign exchange variations”.
• FANG+ refers to highly-traded technology-driven growth stocks Facebook, Apple, Amazon, Netflix, and Alphabet’s Google on the NYSE.
• The fund follows more or less a growth-oriented style of investing.
• The Mirae Asset NYSE FANG+ ETF comprises high-growth US Big Tech companies that are global leaders in sectors like Artificial Intelligence (AI), online advertising, e-commerce, digital streaming, software development, social networking, cutting-edge electronics and communication gadgets, among others.
• The weightage given to every company in the fund conforms to its position in the NYSE FANG+ Total Return Index (TRI).

Asset Allocation & Portfolio Composition

• The asset allocation of the fund comprises around 95%-100% in equities and 0-5% in money market instruments/debt securities, instruments and/or units of schemes of domestic mutual funds.
• As of May 31, 2024, the top 10 equity holdings in the ETF comprised around 99.96% of its assets.

Mirae Asset NYSE FANG+ ETF top 10 holdings:

• Nvidia Corp: 12.09%
• Netflix Inc: 11.11%
• Meta Platforms Registered Shares: 11.01%
• Broadcom Inc: 10.23%
• Microsoft Corp: 10.07%
• Alphabet Inc: 9.99%
• Amazon: 9.89%
• Snowflake Inc: 9.41%
• Apple Inc: 8.80%
• Tesla Inc: 7.40%