Hungry for Gains? Feast on a Nifty Food ETF
April 26, 2021
Cyclical stocks are getting all the attention these days, and growth names seemingly always captivate, but investors shouldn’t skirt defensive fare like consumer staples. The
FTXG tracks “the Nasdaq US Smart Food & Beverage Index. The Fund seeks to replicate the holdings and weightings of the Nasdaq US Smart Food & Beverage Index as to generate performance results 95% correlated to that of the Nasdaq US Smart Food & Beverage Index,” according to First Trust.
What makes FTXG an interesting idea today is some market observers’ views that packaged food stocks are poised to deliver significant upside.