ETFs To Drive On Tesla's Crazy S&P 500 Debut

MicroSectors FANG+ ETN (FNGS - Free Report)

This ETN is linked to the performance of the NYSE FANG+ Index, which is an equal dollar weighted index, designed to provide exposure to a group of highly traded growth stocks of next-generation technology and tech-enabled companies. It holds 10 equal-weighted stocks in its basket with Tesla accounting for 10% share. The product has accumulated $60.2 million in its asset base and charges 58 bps in annual fees. It trades in an average daily volume of 14,000 shares and has a Zacks ETF Rank #3.

ARK Next Generation Internet ETF (ARKW - Free Report)

This is an actively managed fund focusing on companies that are expected to benefit from the shift in technology infrastructure to the cloud, enabling mobile, new and local services. The fund holds 50 stocks in its basket with Tesla occupying the top position at 10%. The ETF has amassed $4 billion in its asset base and charges 76 bps in annual fees. It trades in an average daily volume of 804,000 shares.

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