FinTech ETF Hits 52-Week High

January 24, 2020 | FinTech, Investments, News

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.”

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…