MF Tracker: Mirae Asset NYSE FANG+ ETF FoF tops 5-year CAGR charts with 39% returns. Can the rally last?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Mirae Asset NYSE FANG+ ETF FoF topped five-year charts with a 39% CAGR.
- ✓Mukesh Kumawat said the fund had "concentrated exposure to leading US technology companies benefiting from AI, cloud computing and strong earnings growth." Despite this success, experts suggest caution due to market fluctuations and rising investment premiums.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
The Mirae Asset NYSE FANG+ ETF FoF has delivered an impressive five-year CAGR of around 39%, clearly outpacing its peers, particularly during the US tech stock surge. However, 2022 marked a considerable downturn for the fund, prompting experts to recommend caution with international investments, given rising premiums and fluctuating markets. For optimal long-term outcomes, investors should consider a well-balanced domestic equity portfolio.
Mirae Asset NYSE FANG+ETF FoF was the topper in the last five years with 38.69% return among all equity mutual funds including sectoral and thematic funds or international funds specifically. There were nearly 380 funds in the said time period, of which this international fund by Mirae Asset Mutual Fund outperformed the others.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Economic Times
Read the full, original unfiltered story directly on the publisher's portal.