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Evolve FANGMA Index ETF CAD Hedged T.TECH

Alternate Symbol(s):  T.TECH.B | T.TECH.U

The Evolve FANGMA Index ETF (the Fund) seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive FANGMA Equal Weight Index Canadian Dollar Hedged, or any successor thereto. The Fund invests in equity securities of Alphabet Inc., Amazon Inc., Apple Inc., Facebook Inc., Netflix Inc. and Microsoft Corp.


TSX:TECH - Post by User

Post by Dibah420on Jan 10, 2022 10:39am
296 Views
Post# 34299728

Well somebody has to do it..

Well somebody has to do it.....so here goes.

This ETF has attracted my attention.  Launched some 8 months ago it is starting to gain traction and build liquidity.  It affords the retail investor with limited cash an opportunity to acquire a stake  a very very small stake in six of the top tech names which should be around for a while.

At today's prices ( and they have been tanking for some time ) it would cost $7128 USD  (plus commissions)  to buy just ONE share each of FANGMA.  Instead for around $11 CAD I can buy a tiny tiny tiny  piece of all of them.

There's a dividend paid monthly and yld is .253.  MER is around .4 (I think); M/C is $35.3m and O/S is 3.15m.
Evolve has been around for a while and offers a number of "exotic" ETF's although I cannot tell you how they are viewed on Bay St.

Cheers.






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