2 weeks Ago
This fund has already delivered great returns. I think there's more to come. Up 40% in 2024, why I'd still buy the Global X Fang+ ETF (FANG) You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services.
Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More The exchange-traded fund (ETF) Global X Fang+ ETF (ASX: FANG) has been one of the best-performing funds in 2024. But I don't think this will be the end of the long-term gains.
As we can see on the chart above, the FANG ETF has climbed a hefty 41% this year. In comparison, the S&P/ASX 200 Index (ASX: XJO) has climbed by 10% — not a bad result, but a significant underperformance to the FANG ETF. Past performance is not a reliable indicator of future performance, of course, and I'm certainly not expecting the FANG ETF to rise another 40% in the next year.
But I do believe that this fund, which provides access to leading US technology companies, can beat the ASX 200 again over the next five years. Here's why. Tax cuts While not guaranteed to occur, incoming United.
.. Tristan Harrison.
