MicroSectors FANG+ 3x Leveraged ETNs due Feb 17 2045

FNGU

Market cap $2.3B

As we head to the end of 2025's third quarter, a retrospective look at the data around some of this year's ETF launches reveals some key trends in the industry. ETF Launches by Net Inflows YTD According to ETF Database data, more than 500 ETFs have launched in 2025 so far.

URAA, FNGU, USD, LMBO and DFEN soared more than 60% in Q2 as AI-driven tech, a dovish Fed and momentum buying lifted leveraged ETF returns.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

NEW YORK , Feb. 19, 2025 /PRNewswire/ - Bank of Montreal ("BMO") announced today (i) its intention to redeem all of the outstanding securities of its MicroSectorsTM FANG+™ Index 3× Leveraged ETNs due January 8, 2038, CUSIP: 063679534 (the "FNGU ETNs"); (ii) its plan to change the ticker symbol for the FNGU ETNs; and (iii) the launch of a new ETN, the MicroSectors™ FANG+™ 3× Leveraged ETNs due January 23, 2045, CUSIP: 063679385 (the "FNGB ETNs"), which is expected to reuse the "FNGU" ticker symbol at a later date.    The table below summarizes the announcements being made with respect to the FNGU ETNs and the FNGB ETNs.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

We highlight a bunch of the best-performing leveraged equity ETFs of 2024.

Demand for leveraged and inverse ETFs is solid as these fetch outsized returns on quick market turns in a short span.

We have highlighted a bunch of the best-performing leveraged ETFs of the fourth quarter.

MicroSectors FANG+ Index 3X Leveraged ETN is an ETN that aims to deliver 3x the daily performance of the NYSE FANG+ Index which focuses on 10 companies. Although it's difficult to advocate for a long-term buy/hold use, the ETN can boost a portfolio's performance in periods of slow growth; a scenario more and more likely. Investors should assess the unique risks that FNGU introduces in order to better assess how much to allocate to it, if at all.

The MicroSectors FANG+ Index 3X Leveraged ETN offers 3X bullish exposure to 10 mega-cap tech stocks but is currently rated a hold due to recent massive gains. FNGU's performance has been driven by stocks like CrowdStrike and Netflix, but its extreme leverage and tracking error make it risky for long-term holding. Despite outstanding momentum and seasonality favoring tech stocks, the reward/risk ratio is insufficient to justify buying FNGU at its current overbought levels.