Mirae Asset Investment Managers India today announced the launch of two FANG+ funds - ‘ Mirae Asset NYSE FANG+ ETF’, an open-ended scheme tracking NYSE FANG+ Total Return Index and ‘Mirae Asset NYSE FANG+ ETF Fund of Fund’, an open-ended fund of fund scheme predominantly investing in Mirae Asset NYSE FANG+ ETF. The Mirae Asset NYSE FANG+ ETF will be managed by Mr Siddharth Srivastava, while the Mirae Asset NYSE FANG+ ETF Fund of Fund will be managed by Ms Ekta Gala. The ‘Mirae Asset NYSE FANG+ ETF Fund of Fund’ will also offer investors the options for a Regular Plan and Direct Plan with Growth Option. The NYSE FANG+ Index is an equal weighted Index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks. Ltd.Mr. Siddharth Srivastava, Fund Manager for Mirae Asset NYSE FANG+ ETF said, "Mirae Asset NYSE FANG+ ETF and Fund of Fund will provide investors the option to take focused and equal weighted exposure in the 10 high growth innovative technology companies which are at the forefront of several megatrends.

Source: Mint April 20, 2021 07:30 UTC