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Global X FinTech ETF (FINX)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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44.69+0.92 (+2.11%)
As of 10:35AM EDT. Market open.
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  • e
    edebear
    The payment processing space is seeing a growing number of big bets placed by venture capitalists, which could give financial technology exchange-traded funds (ETFs) a boost. It’s a $1.9 trillion industry that the largest tech firms are trying to tap into.

    Payments are increasingly going digital with a number of start-ups seeing venture capital seed money to help facilitate online purchases. According to research company Pitchbook, data shows that investors put $18.5 billion into the payment processing sector in 2018–an increase of five times the previous year.
    ETFs to look at in the growing fintech space include the Global X FinTech ETF (FINX) and the ARK Fintech Innovation ETF (ARKF) . ARKF invests in equity securities of companies that ARK believes are shifting financial services and economic transactions to technology infrastructure platforms, ultimately revolutionizing financial services by creating simplicity and accessibility while driving down costs.
  • e
    edebear
    “The coronavirus has driven a massive 72% rise in the use of fintech apps in Europe, according to new research published today by deVere Group,” wrote Simon Chandler in Forbes. “At a time when most sectors of the global economy are beginning to feel the effects of what may already be a worldwide recession, the sharp jump in app adoption and usage provides encouraging news for the fintech industry. And it comes as yet another indication that the long-term legacy of the coronavirus will be an increasingly digital and online society.”

    With the global market still caught amid the coronavirus outbreak, social distancing has changed the way businesses operate logistically and more individuals are relying on payment processing via fintech to conduct transactions.
    Bullish
  • N
    Nitro
    I have 400 shares of this ETF .. it's been a great return so far ...
  • c
    c
    Bought shares yesterday after reading their documents and seeing the portfolio. I plan to add monthly. I've done the same with ROBO, and BOTZ for some time now.
  • N
    Nitro
    I got in today.. looking to diversify and move eggs into this basket. Anyone on this board ?
  • e
    edebear
    “Fintech is not only an enabler but the driving engine,” said Pierre Gramegna, the Minister of Finance of Luxembourg. FinTech is an amalgamation of finance and technology and is fast paving a new way for the future of the financial world. It is only a matter of time when everything around us will have FinTech as its focal point.
    KEY TAKEAWAYS
    Financial technology, or FinTech, is a driving engine of the modern economy.
    FinTech includes companies involved in payments, insurance, investing, credit and lending, and blockchain, to name just a few.
    The top FinTech companies in the world each may command valuations in the billions of dollars, with the U.S. and China leading the list.
  • K
    KaTet
    Global venture capital spending on fintech start-ups topped $39 billion in 2018, more than doubling from a total $18 billion a year earlier, according to a recent report from CB Insights. There are now 39 fintech "unicorns," or private companies valued at more than $1 billion, globally.
  • D
    Daniel
    really......0.01% return and 0.68% expense
    somebody is making money and it's not going to be you
  • J
    Jane
    Jack Henry (JKHY) is one of the finest FinTech companies in the nation. It has been around for quite awhile and was one
    of the 50 most successful stocks of the 1990's bull market.
  • e
    edebear
    This pandemic will change forever how transactions are made. Fintech technologies will only become better allowing for faster more effecient transfers of funds. It is the future.
    Bullish
  • e
    edebear
    Fintech technologies will fuel the future. Banks without brick and mortar locations. The use of apps to replace cash. This is the future, not only in mature financial markets like the U.S. but in emerging markets where new applications will have huge values.
    It's only a matter of time before the marketplace accepts that fintech will become the standard for transactions. Importantly, as new categories are created, such as recreational cannabis, fintech will be the standard. Great long term strategy and investment.
  • e
    edebear
    With fintech startups entering the global market space and challenging banks at their own lending game, this could fuel more interest in fintech ETFs.

    The payment processing space is seeing a growing number of big bets placed by venture capitalists, which could give financial technology exchange-traded funds (ETFs) a boost. It’s a $1.9 trillion industry that the largest tech firms are trying to tap into.

    Payments are increasingly going digital with a number of start-ups seeing venture capital seed money to help facilitate online purchases. According to research company Pitchbook, data shows that investors put $18.5 billion into the payment processing sector in 2018–an increase of five times the previous year.

    ETFs to look at in the growing fintech space include the Global X FinTech ETF (FINX) and the ARK Fintech Innovation ETF (ARKF) . ARKF invests in equity securities of companies that ARK believes are shifting financial services and economic transactions to technology infrastructure platforms, ultimately revolutionizing financial services by creating simplicity and accessibility while driving down costs.
  • R
    RustyNail
    $35 by EOY
  • p
    princegorge
    Sure SQ is one of the top holdings and thanks to diversification we have only had to endure a minor trim as opposed to a major haircut for holders of SQ. But for anyone who recognizes the coming boom and who doesn't have the long haired hippie early adaptor guts, like me, too skeptical of Bitcoin, how can you not be in this instrument?
  • e
    elphaba
    Anyone know why NETS is one of their holdings?
  • R
    RustyNail
    Holding long! $PYPL $MA $FINX $V. LETS GO!!!
  • e
    edebear
    FINX, ARKF, BLOK and IPAY are the future in financial technologies with outstanding portfolios. See substantial growth both domestically and in emerging markets for 2020
    Bullish
  • e
    edebear
    UBS Group AG is setting aside hundreds of millions of dollars of its own money to invest in fintech companies, joining peers in financing startups that are upending traditional banking.

    The Swiss wealth manager is planning a corporate venture capital fund to make investments between $10 million and $20 million in dozens of companies, according to a person familiar with the matter. UBS plans to hold the stakes for at least five years, the person said, asking for anonymity because details haven’t been finalized.
  • J
    Jon
    Just bought in, there buying up everything in America that has finTech or crypto in it!
  • K
    KaTet
    Berkshire's new fintech investments fit into a classic Buffett strategy — bet on an entire industryhttps://www.cnbc.com/2018/10/29/berkshires-new-fintech-investments-fit-into-a-classic-buffett-strategy--bet-on-an-entire-industry.html