Blockchain Registration Transaction Record

Cboe Unveils Magnificent 10 Index: New Way to Trade Tech Titans

Join Cboe & Benzinga's free webinar on the new Magnificent 10 Index (MGTN) - an equal-weighted benchmark featuring top tech stocks. Learn about options & futures trading.

The introduction of the Cboe Magnificent 10 Index represents a significant evolution in thematic investing, providing retail and institutional investors with a more diversified approach to capturing technology sector growth. Unlike traditional market-cap weighted indices that can become dominated by a few mega-cap stocks, the equal-weighted methodology ensures balanced exposure across ten leading technology companies, potentially reducing concentration risk while maintaining exposure to sector growth drivers. This innovation matters because it addresses the changing landscape of technology leadership, where companies like AMD, Broadcom, and Palantir have emerged as crucial players alongside the established Magnificent 7. For investors, this means access to a more comprehensive technology benchmark that better reflects the current ecosystem of innovation leaders, potentially offering different risk-return characteristics than existing technology indices. The upcoming derivatives products will further enhance trading flexibility, allowing for sophisticated strategies around this thematic exposure.