Alternative Investments/Fintech: BlackRock Launches Another ‘Megatrend’ ETF Focused On Disruptive Fintech

The BlackRock Future Financial and Technology ETF trades on NYSE ARCA.

BlackRock (NYSE: BLK) announced the expansion of its Megatrends suite with the launch of the BlackRock Future Financial and Technology ETF (NYSEARCA: BPAY), an ETF that invests in companies delivering innovative and emerging technologies that are driving disruption within the financial services industry. The actively managed fund will be run by Lead Portfolio Manager Vasco Moreno of BlackRock’s Fundamental Equity (FE) franchise. (Businesswire)

BlackRock Future Financial and Technology ETF (NYSEARCA: BPAY)

The new ETF becomes the sixth active ETF in BlackRock’s U.S. Megatrends platform, and the fifth under the FE franchise. It offers exposure to the full fintech value chain.

The ETF will track the MSCI ACWI Index and has an expense ratio of 0.70%.


“In the United States alone, the use of fintech increased by 30% during the pandemic,” said Moreno. “Through BPAY, investors are granted direct access to global companies that are driving the next leg of growth and leading the digital revolution in areas across the entire value chain such as payment systems, banking, investments, lending, and insurance and software.”

“With a long history in thematic investing, BlackRock is committed to providing access to forward-looking investment themes via targeted, transparent and cost-effective vehicles,” said Jay Jacobs, U.S. Head of Thematics and Active Equity ETFs at BlackRock. “BPAY is representative of the firm’s deep fundamental research expertise, strong active and index platforms, and focus on innovation.”

As on August 18, net assets if the fund were $4.9 million, its NAV was $24.40, and closing price was $24.45.

The ETF had 37 holdings as on August 17, 2022.

Related Story: BlackRock Launches Thematic ETFs On FoodTech And Blockchain

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…