Profit from the fintech revolution

Article Excerpt

The growing use of technology in financial services has produced a high-growth industry—fintech. The companies involved provide a wide range of services, including digital payment systems, data analytics, process automation and investment management. Here are two ETFs that aim to benefit from fintech. (See the supplement on page 119 for more information.) GLOBAL X FINTECH ETF $24.13 (Nasdaq symbol FINX; TSINetwork ETF Rating: Aggressive; Market cap: $332 million) invests in firms that provide innovative technologies meant to transform the way insurers, banks and other financial services firms conduct their business. The fund tracks the Indxx Global FinTech Thematic Index. That index tracks stocks from developed markets that are involved in at least one of six fintech themes. These are digital payments, peer-to-peer lending, enterprise solutions, alternative currencies, automated wealth management, and crowdfunding. Fintech has the power to disrupt traditional financial services—just like, say, Uber or AirBnB Digital payments and e-commerce continue to expand rapidly. But they still have lots of growth ahead Competition is fierce…

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