Mirae Asset NYSE FANG+ ETF FoF has emerged as the top mutual fund of 2024 with a groundbreaking 88% return, reflecting the growing potential of tech-themed investments.

In a remarkable turn of events within the mutual fund landscape for 2024, Mirae Asset's NYSE FANG+ ETF Fund of Fund (FoF) has achieved an astonishing 88% return, earning it the distinction of being crowned the top-performing scheme of the year. This exceptional performance is a testament to the fund's astute investment strategy focused on high-performing technology and internet-based companies. The Fund of Fund structure enabled Mirae Asset to aggregate returns from global innovators and leverage the strong momentum of stocks listed under the NYSE FANG+ index, which represents some of the most influential technology-driven firms in today’s economy.

The fund's performance highlights the potential of thematic investments, particularly in technology and digital innovation, which continue to thrive even amidst economic uncertainties. Notably, this ETF-based FoF offers a gateway for investors to gain exposure to leading technological advancements without directly investing in the underlying stocks, providing diversified yet targeted opportunities. Additionally, its success underlines growing investor confidence in tech-driven mutual fund schemes as a viable means of achieving higher returns in a concentrated yet diversified format.

Overall, Mirae Asset’s milestone achievement reflects the broader trend of sustainable growth in tech-focused investment options, demonstrating their ability to deliver robust returns by capitalising on industry giants driving the global economy forward. For forward-looking investors, this scheme represents an encouraging precedent and reinforces the appeal of ETF-linked thematic funds.