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:.
$BGF World Technology Fund (LU0056508442.MF)$
$BGF World Technology Fund (LU0056508442.MF)$
*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.
Thank you and Godspeed!
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