FinTech ETF Hits 52-Week High

Passive Investors Made Big Gains over 12 Months
The Global X FinTech Thematic ETF (FINX) has rallied more than 32% over the last 12 months. Shares have climbed from a 52-week low of $24.49 per share to $32.40 this week. The fund aims to replicate the performance of the Indxx Global FinTech Thematic Index.
Global X FinTech Thematic ETF
The Global FinTech Thematic Index taps into growing Fintech trends like insurance, investing, fundraising, mobile lending, ATM services, and other digital tools. Other
The ETF charges 68 basis points. It has a significant amount of exposure to the United States. At least 61% of its exposure is centered on U.S. companies. It has an 8.71% stake in Brazilian fintech firms. Other key countries include Germany (6.53%) and Australia (6.32%).
The fund launched in 2016 and trades on the Nasdaq. Since its inception, its NAV has seen a 102.12% increase in its price. Its top holdings are Fiserv, Fidelity Nationa, Adyen, Intuit, Xero, PayPal Holdings, Guidewire Software, SS&C Technologie, Square, and Black Knight.
There appears to be a lot of opportunity in the space for the years ahead. According to a report by the Financial Stability Board (FSB), “technological innovation holds great promise for the provision of financial services, with the potential to increase market access, the range of product offerings, and convenience while also lowering costs to clients.”

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