Spotlight: Global X FANG ETF (ASX: FANG)
Each month in our ETF Spotlight series, we put the focus on one of the ETFs inside our ETF portfolios or available through InvestSMART Custom.
This time, we're looking at the Global X FANG ETF (ASX: FANG), which is part of our Custom offering. Here's what you need to know.
About the Global X FANG ETF (ASX: FANG)
The Global X FANG ETF (ASX: FANG) gives investors exposure to 10 large US companies involved in areas such as artificial intelligence, cloud computing, semiconductors and digital platforms.
FANG may suit investors looking for long-term growth who are comfortable with higher risk. It has a suggested investment timeframe of at least five years.
Here are a few quick facts about FANG:
- Investment manager: Global X
- Inception date: 27 February 2020
- Size: $1.7 billion
- Management fee: 0.35% p.a.
- Benchmark: NYSE FANG ® Index
- InvestSMART rating: 4 stars
- Distribution frequency: Semi-annually
Where is FANG invested?
FANG holds just 10 companies, all currently based in the US.
The ETF tracks the NYSE FANG Index, which gives each company an equal weighting when it is rebalanced every quarter. The weight of each holding then changes as its share price moves.
As at 31 August 2026, around 62% of FANG was invested in information technology, with communication services accounting for around 28% and consumer discretionary around 10%.
The top 10 holdings are listed below.
Top 10 holdings
|
Company |
Weight |
|
Palantir Technologies Inc |
13.1% |
|
Microsoft Corp |
12.3% |
|
Amazon.com Inc |
10.1% |
|
NVIDIA Corp |
9.9% |
|
Apple Inc |
9.9% |
|
Netflix Inc |
9.7% |
|
Meta Platforms Inc |
9.3% |
|
Broadcom Inc |
8.7% |
|
Alphabet Inc |
8.6% |
|
Micron Technology Inc |
8.5% |
Source: Global X. Holdings as of 31 August 2026.
What is FANG's management fee?
FANG charges a management fee of 0.35% p.a.
For context, the Betashares Nasdaq 100 ETF (ASX: NDQ), which also provides exposure to large technology and growth companies, charges 0.48% p.a.
The two ETFs invest differently, so the comparison isn't like-for-like.
How has FANG performed?
FANG has delivered strong returns over recent years, returning 11.7% over the year to 31 August 2026 and 20.9% p.a. over five years.
Since its launch in February 2020, FANG has returned an average of 28.6% p.a. As always, past performance is not a reliable indicator of future returns.
FANG performance
|
1 year |
3 yrs p.a. |
5 yrs p.a. |
SI p.a.¹ |
|
|
FANG |
11.7% |
29.1% |
20.9% |
28.6% |
|
Benchmark |
12.1% |
29.6% |
21.4% |
29.0% |
Source: Global X. Returns for the period ending 31 August 2026. ¹Since inception on 27 February 2020.
Key takeouts
FANG provides a simple way to invest in a concentrated group of large growth companies through a single ETF. Its equal-weight approach also means the biggest companies don't automatically make up the largest share of the portfolio.
Performance has been strong over recent years, but with only 10 holdings, FANG can be more volatile than a broadly diversified global shares ETF.
FANG is also not currency hedged, so movements in the Australian dollar can affect returns for Australian investors.
Want to compare ETFs? Check out our handy online ETF filter tool. It can help you narrow down your options based on filters such as investment category or InvestSMART's star rating.
If you'd like help selecting the right InvestSMART ETF portfolio for you, try our free statement of advice quiz. It will show you which one may best suit your goals and investment timeframe.
Frequently Asked Questions about this Article…
The Global X FANG ETF (ASX: FANG) is an Australian-listed ETF that gives investors exposure to 10 large US companies involved in areas such as artificial intelligence, cloud computing, semiconductors and digital platforms. It is managed by Global X, launched on 27 February 2020, and is included in InvestSMART’s Custom offering.
FANG holds just 10 companies, all currently based in the US. The top 10 holdings (weights as at 31 August 2026) are: Palantir Technologies (13.1%), Microsoft (12.3%), Amazon (10.1%), NVIDIA (9.9%), Apple (9.9%), Netflix (9.7%), Meta Platforms (9.3%), Broadcom (8.7%), Alphabet (8.6%) and Micron Technology (8.5%). Sector exposure was about 62% information technology, 28% communication services and 10% consumer discretionary as at 31 August 2026.
FANG tracks the NYSE FANG Index and uses an equal-weight approach at each quarterly rebalance, so each of the 10 companies receives the same weighting when rebalanced. After rebalancing, individual holding weights change as their share prices move until the next quarterly rebalance.
FANG charges a management fee of 0.35% per annum. For context, the Betashares Nasdaq 100 ETF (ASX: NDQ) charges 0.48% per annum, but the two ETFs invest differently so fee comparisons are not a like-for-like measure.
As at 31 August 2026, FANG returned 11.7% over the prior year, 29.1% p.a. over three years, 20.9% p.a. over five years and 28.6% p.a. since inception (27 February 2020). The article notes that past performance is not a reliable indicator of future returns.
Key risks include concentration risk — FANG holds only 10 stocks, which can make it more volatile than broadly diversified global share ETFs — and currency risk because the ETF is not currency hedged, so movements in the Australian dollar can affect returns for Australian investors. It’s described as suitable for investors seeking long-term growth who are comfortable with higher risk and a suggested timeframe of at least five years.
FANG pays distributions semi-annually. Other quick facts from the article: the ETF has around $1.7 billion in assets (size), a management fee of 0.35% p.a., tracks the NYSE FANG Index, and has an InvestSMART rating of 4 stars.
The article recommends using InvestSMART’s online ETF filter tool to compare ETFs based on filters like investment category or InvestSMART star rating. It also suggests trying InvestSMART’s free statement of advice quiz to help identify which InvestSMART ETF portfolio may best suit your goals and investment timeframe.
Call 1300 880 160
Start a chat
Schedule a call
