New FANG Notes Let Investors Bet on Tech Optimism or Skepticism
- REX Shares launches two-times leveraged and inverse tech notes
- New ETNs add to firm’s triple-leveraged, inverse FANG products
Photographer: Daniel Acker/Bloomberg
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Do you think big tech stocks are due for a rebound or will they keep falling? There’s a new exchange-traded product for that...and that.
REX Shares LLC listed three derivatives stuffed exchange-traded notes Thursday that enable investors to go long or short the NYSE FANG+ Index of 10 “highly-traded growth stocks,” including Facebook Inc., Amazon.com. Inc., Apple Inc., Netflix Inc. and Google parent Alphabet Inc.