Sygnia SYFANG Custom Index (USD)

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Sygnia have launched their Sygnia Itrix FANG.AI Actively managed ETF (JSE:SYFANG). This chart reflects a custom index of the stocks held (as per the Sygnia marketing document at launch). As the SYFANG ETF chart has no history this custom index could help in providing a technical view. Please note that these are US stocks and therefore do not take into account the USDZAR exchange rate.

Despite the recent pullback, this weekly chart shows clear out performance vs the S&P500 and has currently entered a weekly squeeze.