ICE LAUNCHES NYSE FANG+ INDEX FUTURE ON NOVEMBER 8
The NYSE FANG+ Index™ offers exposure to a select group of highly-traded stocks of tech-enabled companies. Beginning on November 8, 2017, ICE Futures U.S. will launch a new futures contract designed to help you gain or reduce exposure to this key group of growth stocks in a capital efficient manner.
The NYSE FANG+ index includes 10 actively traded stocks that represent some of the top innovators across today’s tech-oriented companies. The index’s underlying composition is equally weighted and reconstituted on a quarterly basis, providing a unique performance benchmark that allows for an adaptive approach to trading, investing and hedging.
The index constituent stocks are: Facebook, Apple, Amazon, Netflix, Google, Alibaba, Baidu, NVIDIA, Tesla and Twitter.
Key Benefits
- Low-cost exposure to key components of the tech sector
- Hedging mechanism to efficiently increase or decrease tech exposure in equity portfolios
- A highly correlated index to tech-related stocks
- Disciplined yet flexible methodology allows for adaptation to the evolution of the tech sector
ICE is offering several FANG+ fee reduction programs including a rebate program for ICE Clearing Members. This program provides a viable coordination opportunity for brokers and their respective clearing firms. Please contact equities@theice.com for more information.
