The FANG stocks – Facebook Inc. (NASDAQ:FB), Inc. (NASDAQ:AMZN), Netflix Inc. (NASDAQ:NFLX) and Google parent Alphabet Inc. (NASDAQ:GOOG) – remain in focus, prompting some investors to look to exchange traded funds (ETFs) as a way of accessing the entire FANG quartet in a single trade.

The First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN), the largest Internet ETF trading in the U.S., is one of the premier avenues to the FANG stocks among ETFs.

“A market cap-weighted index of Facebook, Amazon, Netflix and Google has surged 31% this year, more than triple the S&P 500, and 11 percentage points more than the already tech-heavy Nasdaq 100. And that dominance looks poised to continue, with tech companies expected to be among the champions of earnings seasons through year-end,” reports Business Insider.

Although FDN is not a dedicated FANG ETF, its weight to those four stocks is significant as the FANG quartet represents about a third of the fund’s weight. While there is no dedicated FANG ETF, a new actively managed ETF targets the FANG phenomenon and related companies. The AdvisorShares New Tech and Media ETF (NYSEArca:FNG) debuted last week.

The New Tech and Media ETF will try to generate long-term capital appreciation by investing in technology and media companies, including innovative and fast-growing technologies such as social media companies and internet retail companies. The active ETF will also concentrate its investments in the software and services industry within the information technology sector.

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