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CMC Markets launches spread bets and CFDs on the FANG+ Index

Spread betting and contracts for difference provider CMC Markets, is now offering its customers the ability to spread bet and trade CFDs on the US Fang Plus index.

This delivers exposure to a balanced portfolio of highly-traded growth stocks from next-generation technology companies, including Facebook, Amazon, Netflix, Alibaba and Baidu.

Many of the high-profile technology stocks have outperformed the underlying market in recent years. Backtesting by the Intercontinental Exchange showed that 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.

David Fineberg, Deputy Chief Executive Officer, 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 US Fang Plus Index is equally weighted and consists of shares in Facebook, Amazon, Apple, Netflix, Alphabet (formerly Google), Alibaba, Baidu, NVIDIA, Tesla and Twitter. Margins start from 2% for professional clients and 10% for retail clients. Minimum position sizes begin from £0.1 per point, up to a maximum of 1,000 contracts for CFD clients.

Michael Morton

Michael has worked within the Financial Industry for more than 20 years. Starting out as a financial analyst, he has extensive experience working with fund management groups and brokerages.

With an interest in Stocks and Shares, Funds, ETFs and Commodities, his investment focus is medium to long term gains, with the objective of financial security on retirement, and building wealth for his young children for their adult life. His broker of choice is Hargreaves Lansdown.

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