The BLX FAANG Operating Income Index provides the only pure play exposure to operating income growth of the “FAANG” Stocks: Facebook, Apple, Amazon, Netflix and Google.  Priced daily, the index reflects changes in the aggregate operating income for the trailing twelve months based on SEC filings. With a product license, fund sponsors may create ETNs, derivatives, swaps, one-off structured notes, and other OTC products whose underlying constituents or performance are linked to the value of this index.

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