MicroSectors FANG+ Index Inverse ETN (GNAF) Research
This investment product is designed to deliver returns that are inversely correlated to the daily performance of the NYSE Fang+™ Index. It is structured as senior unsecured medium-term notes, issued by Bank of Montreal. The return generated by these notes is directly tied to the opposite movement of the underlying index, calculated and compounded on a daily basis. From this return, several deductions are made: a daily investor fee, any negative daily interest that may accrue, and a redemption fee if applicable. The NYSE Fang+™ Index itself is an equal-dollar weighted benchmark. It tracks a concentrated group of actively traded, high-growth companies from both the technology and consumer discretionary sectors, specifically focusing on those that are primarily technology firms or heavily reliant on technology.
Market snapshot
- Symbol
- GNAF
- Price
- $12.72
- Day change
- +0.08%
- Market cap
- $12.7M
- 52-week range
- 12.1-16.7104
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
Peer companies
- MicroSectors U.S. Big Banks Index 2X Leveraged ETNs (BNKO)
- MicroSectors U.S. Big Banks Index -2X Inverse Leveraged ETNs (BNKZ)
- Direxion Daily MSCI Developed Markets Bear 3X Shares (DPK)
- iPath US Treasury 10-year Bear ETN (DTYS)
- Reality Shares Divcon Dividend Guard ETF (GARD)
- Goldman Sachs Future Planet Equity ETF (GSFP)
- UBS ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B (MLPZ)
- iPath Silver ETN (SBUG)
Open MicroSectors FANG+ Index Inverse ETN (GNAF) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.