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ETP News: BMO aims at US$50m with 20-year prop Fang-linked leverage/inverse notes

SRP News, 24 January 2018

Bank of Montreal (BMO) is targeting US investors with a new tracker offering triple leverage exposure to the BMO REX MicroSector Fang+ Index, an index comprised of so-called Fang stocks including Facebook, Amazon.com, Netflix and Google parent Alphabet, among others. Apple, Alibaba Group Holding, Baidu, Nvidia Corp, Tesla and Twitter round out the other holdings in the index.

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