David Fineberg, Deputy Chief Executive Officer at CMC Markets, commented: “As a company we’re always ready to add products which are relevant to our clients’ trading needs. The technology boom shows no signs of abating and we already see significant volumes for individual stocks in this sector, so we expect offering convenient access to such a well-regarded global index to be a popular proposition.”
The index includes many of the high-profile technology stocks which have outperformed the underlying market in recent years. According to backtesting by the Intercontinental Exchange, the NYSE FANG+ Index would have returned a 24.2% annualised total return from 19 September 2014 to 29 March 2019, compared with 15.21% for the technology-centric NASDAQ 100
Equally weighted and consisting of shares in Facebook, Amazon, Apple, Netflix, Alphabet (formerly Google), Alibaba, Baidu, NVIDIA, Tesla and Twitter, the the US Fang Plus offers margins starting from 2% for professional clients and 10% for retail clients with minimum position sizes beginning from £0.1 per point, up to a maximum of 1,000 contracts for CFD clients.