Global X FinTech ETF, FINX

Financial technology (FinTech or fintech) is a new industry that uses technology to improve activities in finance. The use of smartphones for mobile banking, investing services and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public.

Take lending for example. In the past, underwriters only had a few data sets to rely on when assessing risk, which meant lots of people were turned down or charged a higher interest rate for a loan. Fintechs are relying on different information when underwriting consumers, looking at things traditional banks have never considered and providing more people with access to personal and business capital.

Robo advisors are one of the largest areas of fintech. Robo-advisors are an online, automated portfolio management services that use computer algorithms based on your risk tolerance and time horizon to come up with investment options at the fraction of the cost of a human financial advisor.

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I’m sure many of us would have loved to have bought (and some did) Square or Paypal at last year, even at the beginning year.

SQUARE

PAYPAL

Now one can own them both for a fraction of the price through the ETF, FINX. The Global X FinTech ETF (FINX) seeks to invest in companies on the leading edge of the emerging financial technology sector, which encompasses a range of innovations helping to transform established industries like insurance, investing, fundraising, and third-party lending through unique mobile and digital solutions.

The top holding include the following:

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The chart suggests to buy FINX if price is able to pull back to the $25.50 level.

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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Published on

by rollandthomas

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