Day: November 17, 2020

Looking for a Juggernaut Fintech ETF?

Up more than 33% year-to-date, the Global X FinTech ETF (NasdaqGM: FINX) reminds investors that fintech is one of the more viable disruptive themes with compelling long-term implications.

FINX seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Fintech Thematic Index. The underlying index is designed to provide exposure to exchange-listed companies in developed markets that provide financial technology products and services, including companies involved in mobile payments, peer-to-peer (P2P) and marketplace lending, financial analytics software, and alternative currencies, as defined by the index provider.

FINX YTD Performance

FINX member firms are already encroaching upon territory previously dominated by traditional banks, including smaller business loans, payment processing, and business payroll. Plus, there are advantages for fintech companies in pursuing bank charters even if it doesn’t mean those companies will open brick-and-mortar branches.

Social distancing may have kept customers away from

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