You think FAANG is distorting the S&P? Consider ATM

At this rate, instead of buying passive funds that track the MSCI index, investors might as well just pile into China’s version of FAANG, known locally as ATM: Alibaba Group Holding Ltd., Tencent Holdings Ltd. and food delivery super-app Meituan Dianping.

from Markets-Economic Times https://ift.tt/2EPKLYz