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MicroSectors FANG+ Index 2X Leveraged ETNs due January 8, 2038
These financial instruments represent senior, unsecured, medium-term debt obligations issued by Bank of Montreal. Their returns are intricately tied to a daily-compounded, two-times leveraged exposure to the performance of an underlying index. This calculation, however, occurs after accounting for a daily investor fee, a daily financing charge, and a potential redemption fee, should one be incurred. The referenced index employs an equal-dollar weighting methodology and is specifically designed to reflect a concentrated segment of the technology and consumer discretionary sectors, comprising actively traded, high-growth equities from both traditional technology firms and businesses significantly enabled by technology.
bmoetns.com/Documents/Global/FANG_Fact_Sheet.pdf
Ticker
FNGO
Market cap
$734.32M
IPO Date
Aug 2, 2018
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