The market cap of the seven giant stocks in the US has reached $15.41 trillion, surpassing the total size of the stock markets in Japan, Canada, and the United Kingdom.
According to the Securities Times app, the Southern Dongying American Seven Giant Stock ETF (03454) will be listed on the Hong Kong Stock Exchange tomorrow (November 6). In order to track the performance of the Solactive US Seven Giants Index, the ETF adopts a full replication strategy. The listing price is approximately HK$7.8 per unit, with a trading unit size of 100. The management fee is 0.6%, and the ETF has received an initial investment of $5 million.
Technology giants Alphabet (GOOGL.US), Amazon (AMZN.US), Apple (AAPL.US), Meta (META.US), Microsoft (MSFT.US), Nvidia (NVDA.US), and Tesla (TSLA.US) make up the seven giant stocks in the US. The market cap of the seven giant stocks in the US has reached $15.41 trillion, surpassing the total size of the stock markets in Japan, Canada, and the United Kingdom. Since 2015, the weight of the seven US giants in the S&P 500 index has roughly tripled, increasing from 11.93% to 31.65%. In the Nasdaq 100 index, which is heavily concentrated in technology stocks, the proportion of the seven US giants has steadily increased, long-term dominating the market.
