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From tech to gold and Bitcoin tracker funds, ETFs are all the rage
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Cryptocurrency ETFs accounted for about 5 per cent of new fund launches in the US over the past year.
ST ILLUSTRATION: CHNG CHOON HIONG
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SINGAPORE – Local investor Alice Chew was so impressed by the boom in American technology stocks during the Covid-19 pandemic that she plonked a huge part of her savings into Faang, an acronym for Facebook (Meta), Amazon, Apple, Netflix and Google (Alphabet).
She felt that these companies were at the cusp of a digital transformation sweeping the pandemic-stricken world, so it was a “no-brainer” investment move in 2021.
