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CMC Markets now offering spread bets and CFDs on the FANG+ Index

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CMC Markets, a spread betting and contracts for difference (CFD) provider, 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 per cent annualised total return from 19 September 2014 to 29 March 2019, compared with 15.21 per cent for the technology-centric NASDAQ 100.
David Fineberg (pictured), Deputy Chief Executive Officer, says: “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 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 per cent for professional clients and 10 per cent for retail clients. Minimum position sizes begin from GBP0.1 per point, up to a maximum of 1,000 contracts for CFD clients.

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