FAANG Woes Hammer a Big Internet ETF
This article was originally published on ETFTrends.com.
Not surprisingly, the recent deterioration in the FAANG trade is posing problems for scores of growth funds, including Internet-related exchange traded funds. The First Trust Dow Jones Internet Index (NYSEArca: FDN), the largest Internet ETF by assets, is sporting a fourth-quarter loss of nearly 16.50%. Making matters worse for FDN is that the ETF is [...]