|Bid||23.81 x 3000|
|Ask||25.84 x 2900|
|Day's Range||24.75 - 24.90|
|52 Week Range||18.56 - 26.50|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.00|
|Expense Ratio (net)||0.50%|
Technological advances are disrupting plenty of industries. And if ever there was an industry ripe for disruption, it is financial services. Enter financial technology, or "fintech." Along with healthcare innovation, fintech is arguably the most disruptive of the emerging themes encroaching on old school industries.A basic definition of fintech is computer programs or other technological components intersecting with old guard financial services, such as banking, lending and credit cards, but there's more to it."Today, fintech companies directly compete with banks in most areas of the financial sector to sell financial services and solutions to customers," according to Fintech Weekly. "Mostly due to regulatory reasons and their internal structures, banks still struggle to keep up with fintech startups in terms of innovation speed. Fintechs have realized early that financial services of all kinds -- including money transfer, lending, investing, payments, … -- need to seamlessly integrate in the lives of the tech-savvy and sophisticated customers of today to stay relevant in a world where business and private life become increasingly digitalized."InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, when you buy a fintech exchange-traded fund, there's a better chance you'll be embracing stocks such as PayPal (NASDAQ:PYPL) and Square (NYSE:SQ) then you would be traditional banks like JPMorgan Chase (NYSE:JPM). * 10 Cheap Dividend Stocks to Load Up On With that in mind, here are some of the best fintech ETFs to consider. Global X FinTech ETF (FINX)Expense ratio: 0.68%, or $68 annually per $10,000 invested.Just a few weeks shy of its third birthday, the Global X FinTech ETF (NASDAQ:FINX) has rapidly become one of the kings of the fintech ETF universe. Home to nearly $414 million in assets under management, FINX tracks the Indxx Global FinTech Thematic Index.This fintech ETF's components come from industries including insurance, investing, fundraising and third-party lending. The financial services sector is usually thought of as a value destination, but that is not the case with fintech ETFs. FINX trades at a price-to-earnings ratio of 33.However, FINX warrants that rich multiple because it's up just under 30% year-to-date, which is more than double the returns of the S&P 500 Financial Services Index. Importantly, there are significant growth tailwinds bolstering the long-term case for this fintech ETF."Currently, FinTech represents just 6%, or approximately $675 billion, of the total global estimated annual revenue for the financial services industry," Global X said in a recent note. "In addition, a recent Global X survey of consumer adoption of disruptive technologies revealed that just 11% of consumers indicated that they use mobile wallets on at least a weekly basis, compared to 84% use of credit cards." ARK Fintech Innovation ETF (ARKF)Expense ratio: 0.75%ARK Investment Management offers a focused lineup of actively managed ETFs (and some passive funds) that address high-growth market segments and many of the firm's products, though pricey, are among the best performers in their respective categories. The ARK Fintech Innovation ETF (NYSEARCA:ARKF), which launched in February, could be on its way to joining its stablemates as a star fund.One of the newest fintech ETFs, ARK already has $71 million in assets under management and it has been a decent performer until recently. With riskier assets being taken to task, this fintech ETF has dropped by over 6% in the last month. That could be a buying opportunity, not a reason to stay away. The top 10 holdings in ARKF include Square, Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA).Because it's actively managed, managers can apply more stringent criteria to defining and identifying fintech exposure. * 10 Stocks Under $5 to Buy for Fall "A company is deemed to be engaged in the theme of Fintech innovation if (i) it derives a significant portion of its revenue or market value from the theme of Fintech innovation, or (ii) it has stated its primary business to be in products and services focused on the theme of Fintech innovation," according to ARK's fund description for ARKF. Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF (LEND)Expense ratio: 0.65%The Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF (NYSEARCA:LEND) is another new addition to the fintech ETF fray, having debuted in May. As its name implies, this fintech ETF emphasizes crowdfunding, an expansive and growing segment of the fintech space."Crowdfunding is an umbrella term generally referring to the financing method, typically internet-based, by which capital is raised through the solicitation of small individual investments or contributions from a large number of persons, entities or institutions that lend money directly or indirectly to businesses or consumers," according to Amplify ETFs.LEND has recently struggled because of its hefty weight in China (45% of the fintech ETF's weight). That's a double-edged sword because China is home to its own rapidly growing, high-potential fintech market. Another thing to note with LEND is that it's a concentrated fintech ETF. The fund has 33 holdings, but just three combine for over half the fund's weight. ETFMG Prime Mobile Payments ETF (IPAY)Expense ratio: 0.75%The ETFMG Prime Mobile Payments ETF (NYSEARCA:IPAY) is the oldest of the fintech ETFs on the market today and the fund is aging nicely as highlighted by a year-to-date gain of more than 39%. Investors are taking note. IPAY now has nearly $830 million in assets under management thanks to year-to-date inflows of $361.1 million. IPAY holds 39 stocks and tracks the Prime Mobile Payments Index."The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, specifically focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets)," according to ETFMG. * 15 Growth Stocks to Buy for the Long Haul IPAY is a fintech ETF that's approachable to a broad swath of investors because not only does the fund feature growth stocks, it has some large-cap value exposure via names like Dow Jones Industrial Average components American Express (NYSE:AXP) and Visa (NYSE:V). Innovation Shares NextGen Protocol ETF (KOIN)Expense ratio: 0.95%Blockchain technology is one of the bedrocks of the fintech movement and the Innovation Shares NextGen Protocol ETF (NYSEARCA:KOIN), though not a dedicated fintech ETF, is one of the more compelling blockchain funds on the market."… KOIN seeks to give investors access to companies that may benefit from a technology that has the potential to revolutionize the way global trade is conducted, data is secured, supply chains are managed, financial instruments are cleared and contracts are recorded," Innovation Shares says in KOIN's fund description.There is an element of cryptocurrency with KOIN as the fund features exposure to companies that accept digital coins as payments as well as firms that make the tools and hardware to mine assets such as bitcoin. KOIN's other categories are solutions providers (blockchain services providers) and adopters.KOIN's top 10 holdings including Nvidia, Visa and Mastercard (NYSE:MA). Global X Millennials Thematic ETF (MILN)Expense ratio: 0.5%The Global X Millennials Thematic ETF (NASDAQ:MILN) doesn't jump off the screen and scream "fintech ETF," but this demographically focused fund is in the fintech space, particularly because millennials are driving adoption of mobile payments and other elements of a cash-free society."Millennials' adoption of technology has penetrated their finances," Global X's Pedro Palandrani wrote. "Their mobile devices have become their credit card, their wallet, and their overall bank. Take Venmo, PayPal's mobile payment service, which is a platform that has struck a chord with Millennials by allowing them to digitally send money and make purchases. 75% of Millennials have used online or mobile payments compared to only 51% for Boomers." * 7 Safe Dividend Stocks for Investors to Buy Right Now The fund holds 81 stocks of which about five can be considered dedicated fintech plays. Another 10 or so can be viewed as secondary fintech names. SoFi Gig Economy ETF (GIGE)Expense ratio: 0.59%The SoFi Gig Economy ETF (NASDAQ:GIGE) is another actively managed fund with fintech exposure and a newer one at that, having debuted in May like LEND."… the Gig Economy reflects a transformational change in how many businesses interact with customers, and the Gig Economy theme provides exposure to a trend or developing business model through the compilation of securities from multiple sectors and geographies," wrote ETF Trends's Max Chen.Obviously, GIGE is not a dedicated fintech ETF. But because it is exposed to the gig economy's consumption end, the fund features exposure to the payment end as well. This translates to some fintech leverage.About half a dozen of GIGE's holdings are dedicated fintech names and roughly the same amount are larger companies with some form of mobile payment or mobile wallet business. While GIGE has struggled this month (down almost 7%), there is long-term value in the fund's mix of fintech and online retail names.As of this writing, Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure appeared first on InvestorPlace.
NEW YORK , July 10, 2019 /PRNewswire/ -- Global X ETFs, the New York -based provider of exchange-traded funds (ETFs), today announced the inclusion of three additional ETFs to Schwab ETF OneSource, one ...
As its name implies, the Global X Millennials Thematic ETF (MILN) focuses on investment themes and trends expected to benefit from millennials' spending habits. The millennial generation is classified as U.S. citizens born approximately between 1980 and 2000. Millennials account for one quarter of the nation’s population and are positioned to become a strong part of the workforce within the next decade.
NEW YORK , June 6, 2019 /PRNewswire/ -- Global X ETFs, the New York -based provider of exchange-traded funds (ETFs), today announced the inclusion of twenty ETFs to the TD Ameritrade ETF Market Center ...
These stocks are expected to thrive as the first wave of millennials turns 38, a prime age for growing young families and household formation.
Fortunately, there is an exchange traded fund (ETF) for that: the Global X Millennials Thematic ETF (MILN) . The millennial generation is classified as U.S. citizens born approximately between 1980 and 2000. Millennials account for one quarter of the nation’s population and are positioned to become a strong part of the workforce within the next decade.
Over the past several years, millennials and their investment tendencies have received increased attention. The Global X Millennials Thematic ETF (MILN) is open to everyone and, more importantly, this thematic exchange traded fund is soaring. After hitting another record high Monday, MILN is higher by nearly 21% this year.
In the investment community, millennials get plenty of attention. Whether it is the wealth millennials stand to one day inherit from their parents, trends tied to the generation's spending habits or the specific investments being embraced by millennials, the generation with birthdays ranging from 1980 to 2000 is on Wall Street's radar in significant fashion.One thing is clear: millennial investors like exchange-traded funds (ETFs). According to a Charles Schwab survey released in June 2018, nine in 10 millennials view ETFs as important to portfolios and a third of those investors have dumped other investments in favor all-ETF portfolios. Even if they're not millennial ETFs specifically, they like investing with these funds."The move is coming at the expense of individual stocks, with more than half of millennials surveyed saying they dumped all their equity holdings for ETFs," according to CNBC.InvestorPlace - Stock Market News, Stock Advice & Trading TipsETFs are an ideal way for other investors to access millennial themes and trends, but investors should note there are important differences between "millennial ETFs," or those that appear geared toward themes tied to this generation, and ETFs millennials themselves like. * 10 Stocks on the Rise Heading Into the Second Quarter Let's take a look at some millennial ETFs as well as some other funds younger investors often embrace. Millennial ETFs: Vanguard Total Stock Market ETF (VTI)Expense Ratio: 0.04%, or $4 per $10,000 invested annually.Millennials' reasons for embracing ETFs are basically the same as the reasons found among other generations. Among other reasons, millennials like having the ability to access a broad basket of stocks under one umbrella at a low cost. The Vanguard Total Stock Market ETF (NYSEARCA:VTI), while not a millennial ETF specifically, checks all of those boxes.With its annual fee of just 0.04%, VTI is cheaper than all but a handful of U.S.-listed ETFs and this Vangurd fund is one of just four ETFs with more than $100 billion in assets under management.VTI holds nearly 3,600 stocks with a median market value of $70.3 billion, but its holdings span the large-, mid- and small-cap segments. The technology and financial services sectors combine for more than 39% of VTI's weight. Invesco QQQ (QQQ)Source: Shutterstock Expense Ratio: 0.2%The Invesco QQQ (NASDAQ:QQQ), the Nasdaq-100 tracking ETF, is not a dedicated millennial ETF either, but like the aforementioned VTI, this is one of the most popular ETFs among "Gen Y" investors. QQQ recently turned 20 years old, meaning some of the older millennials that have been actively following financial markets for significant portions of their lives grew up with QQQ.QQQ has credibility as a millennial ETF because many of the fund's marquee holdings are purveyors of products and services widely used by millennials. Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN) and Facebook (NASDAQ:FB) combine for over 24% of QQQ's weight. * 5 Cloud Stocks to Help Your Portfolio Fly Another reason QQQ has credibility as a millennial ETF is the fund's almost 62% weight to growth stocks. Younger investors can be more heavily allocated to growth stocks than retirement investors because the benefit of time allows younger investors to ride out some of the volatility associated with growth fare. Global X Millennials Thematic ETF (MILN)Expense Ratio: 0.68%As its name implies, the Global X Millennials Thematic ETF (NASDAQ:MILN) is in fact a millennial ETF. MILN, which debuted nearly three years ago, tracks the Indxx Millennials Thematic Index.This millennial ETF's holdings "come from a broad range of categories, including: social media and entertainment, food and dining, clothing and apparel, health and fitness, travel and mobility, education and employment, housing and home goods, and financial services," according to Global X.MILN is heavily exposed to the communication services and consumer discretionary sectors and the fund features plenty of large-cap fare, such as Amazon, Starbucks (NASDAQ:SBUX) and Netflix (NASDAQ:NFLX).While this millennial ETF is performing admirably in 2019 with a gain of over 20%, adoption of the fund has been slow as highlighted by its roughly $35 million in assets under management. ETFMG Alternative Harvest ETF (MJ)Source: Shutterstock Expense Ratio: 0.75%The status of the ETFMG Alternative Harvest ETF (NYSEARCA:MJ) as a millennial ETF should be taken as an implication that all millennials indulge in marijuana. However, data confirm that many millennial ETFs are also thematic ETFs and that Gen Y investors do love MJ.Nearly 36,000 millennial investors on the popular Robinhood investment app are involved with MJ, ranking the fund 46th on that platform, according to Business Insider. * Top 7 Service Sector Stocks That Will Pay You to Own Them Any investor, millennial or otherwise, that bought MJ late last year is loving life right as the fund is up nearly 54% this year, making it one of 2019's best-performing non-leveraged ETFs. Currently, MJ is the only dedicated cannabis fund listed in the U.S. Global X Robotics & Artificial Intelligence ETF (BOTZ)Expense Ratio: 0.68%.Keeping with the theme of thematic ETFs also being millennial ETFs, the Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) is a hit among Gen Y investors.The fund has almost 17,000 millennial investors on Robinhood, ranking it 88th on the platform, reports Business Insider. Home to $1.58 billion in assets, BOTZ follows the Indxx Global Robotics & Artificial Intelligence Thematic Index and is one of the largest robotics ETFs in the world.BOTZ, which is up 20% this year, makes for an ideal millennial ETF. The fund is levered to fast-growing investment theme with long-term durability, but it is essentially a growth fund with volatility metrics that are significantly higher than the broader market. iShares Core S&P U.S. Growth ETF (IUSG)Expense Ratio: 0.04%As has been noted throughout this piece, millennial investors have the luxury of longer investment horizons, meaning they can and should embrace the growth factor. They can do just that in cost-effective fashion with the iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG).This millennial ETF targets the S&P 900 Growth Index and his home to nearly 540 stocks, giving it a larger roster than S&P 500 Growth Index funds. For a growth ETF, IUSG's volatility metrics are more than tolerable. The fund's three-year standard deviation of just over 12% compares favorably with traditional broader market strategies and value funds. * 7 Small-Cap Stocks That Make the Grade Like many growth funds, IUSG is heavily allocated to some combination of the technology, communication services and consumer discretionary sectors. Those groups combine for over half of IUSG's weight. The fund is up about 14% this year and is one of the most attractively priced growth ETFs on the market. Xtrackers MSCI USA ESG Leaders Equity ETF (USSG)Expense Ratio: 0.1%Millennials are being looked to as important drivers of growth for socially responsible and environmental, social and governance (ESG) funds. If millennials do come calling for ESG funds, the newly minted Xtrackers MSCI USA ESG Leaders Equity ETF (NYSEARCA:USSG) is poised to benefit.USSG debuted earlier this month and is already one of the largest ESG ETFs in the U.S. This millennial ETF is not even two weeks old and it already has nearly $872 million in assets under management, according to issuer data. USSG has the potential to more socially conscious investors with an annual fee that makes it one of the cheapest ESG funds on the market.As is the case with many millennial ETFs, USSG is heavily allocated to tech stocks (30.49%). Among the companies that are often excluded from ESG funds are casino operators, alcohol makers, civilian firearms manufacturers and tobacco companies. Those exclusions are true to form in USSG.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post 7 ETFs for a Millennial Portfolio appeared first on InvestorPlace.
A version of this article was published in the December 2018 issue of Morningstar ETFInvestor. Download a complimentary copy of Morningstar ETFInvestor by visiting the website. Simple, compelling stories tap into our emotions, hijack our ability to think rationally, and persuade us to pursue investments that are unlikely to perform well. The South Sea Company of early 18th century England exemplifies how a well-spun narrative can cause investors to ignore facts and disrupt their ability to make sound investment decisions.
NEW YORK , Feb. 12, 2019 /PRNewswire/ -- Global X ETFs, the New York -based provider of exchange-traded funds (ETFs), today announced the inclusion of seventeen additional ETFs to Schwab ETF OneSource, ...