Bringing you live news and features since 2006 

REX Shares launches two leveraged and inverse ETNs on FANG innovation index


REX Shares, LLC (REX) has announced the launch of two new MicroSectors Exchange Traded Notes (ETNs) issued by Bank of Montreal linked to the Solactive FANG Innovation Index (symbol: SOLFANGT).

MicroSectors Solactive FANG & Innovation 3x Leveraged ETN (BULZ) and MicroSectors Solactive FANG & Innovation -3x Inverse Leveraged ETN (BERZ) will start trading today on NYSE Arca.

The Solactive FANG Innovation Index, launched in June 2021, tracks large, U.S.-listed tech and internet/media companies and is designed to represent stocks building tomorrow’s technology today. The index includes eight core-components: Apple Inc. (AAPL),, Inc. (AMZN), Facebook, Inc. (FB), Alphabet Inc. (GOOGL), Microsoft Corporation (MSFT), Netflix Inc. (NFLX), NVIDIA Corporation (NVDA) and Tesla Inc. (TSLA). Additionally, it includes the seven stocks with the largest market capitalization and 12-month average daily value traded taken from the technology sector, including Advanced Micro Devices, Inc. (AMD), Intel Corporation (INTC), Micron Technology, Inc. (MU), PayPal Holdings, Inc. (PYPL),, inc. (CRM), Square, Inc. (SQ), and Zoom Video Communications, Inc. (ZM). 

“Technology and innovation are megatrends that are expected to continue to play a central role in the markets in the years to come,” says Kevin Gopaul, President of Exchange Traded Funds, BMO Global Asset Management. “For sophisticated investors, the addition of the Solactive FANG & Innovation ETNs to our leveraged ETN line-up will provide greater choice when investing in these key sectors. We’re pleased to expand our relationship with REX and to continue offering innovative investment solutions to meet evolving investor needs.”

“We are thrilled to partner with BMO and Solactive on another pair of leveraged and inverse leveraged exchange traded notes. We believe the FANG Innovation Index will provide sophisticated investors access to a pure-play U.S. big tech basket,” says Scott Acheychek, President of REX. “MicroSectors focuses on innovating the ETP landscape with the goal of providing access to targeted investment trading vehicles across popular market segments like U.S. energy, U.S. large cap banks, and now U.S. big tech.”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by