STEPHEN CRANSTON: Faangs, unlike the Nifty Fifty, are all in the same sector
The dominance of Facebook, Apple, Amazon, Netflix and Google could change if Biden wins and breaks them up
There has never been such a passion for acronyms to describe the shares that are pushing the market forward. The most catchy has proved to be Faang, for Facebook, Apple, Amazon, Netflix and Google. You can even buy a Faang exchange-traded fund (ETF) marketed by Sygnia.
There have been attempts to create similar acronyms such as Tand, for Tesla, Activision, Nvidia and Disney. But somehow, combining the firm that brought us Snow White and the Seven Dwarfs with Elon Musk is a bit of a stretch. Or maybe not. There were no catchy names in the dotcom boom of the late ’90s — the New Economy wasn’t really catchy, let’s face it. You have to go back to the “Nifty Fifty” of the 1970s, which included now long-forgotten companies such as Polaroid...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.