Which fund will perform better in March 2024? One with a higher M7 percentage or one with a lower M7 percentage?
Hello Mooers! ![]()
Following my recap of equal weighted FANG, FAANG, the Magnificent Seven (M7), the Fab Five, and the Fantastic 4 YTD performance. ![]()
I have decided to compile a table for the following five popular AI technology funds on the $Futu Holdings Ltd(FUTU.US$ Moomoo platform:.
$BGF World Technology Fund(LU0056508442.MF$
![Which fund will perform better in March 2024? One with a higher M7 percentage or one with a lower M7 percentage?](https://sgsnsimg.moomoo.com/sns_client_feed/103066836/20240331/1711894430797-random7923-103066836-android-org.jpeg/big?area=101&is_public=true)
*Take note that the data is based on 29 Feb 2024.
Notice that the one from Fidelity has a lower M7 percentage, while the one from Allspring has a higher M7 percentage.
This means that one is more diversified while another has more exposure to M7.
Hmm, which fund do you think will perform better? Those with a higher M7 percentage or those with a lower M7 percentage? ![]()
That's all for today, and always remember to DYODD (Do your own due diligence) when making any kind of investment. ![]()
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Thank you and Godspeed! ![]()
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