FinTech platforms are helping banks digitize their operations. Global FinTech revenues are forecast to grow 5x from 2023 to 2030, to roughly $1.5tn (Source: Boston Consulting Group, Jun 2024).
Global Tailwinds
Traditional financial services are being disrupted on a global scale, and e-wallets continue to gain share. Some forecasts indicate that digital wallet transactions will account for 61% of point of sale and 46% of Ecommerce payments worldwide by 2027 (Source: Worldpay, Mar 2024).
Changing Consumer Preferences
While FinTech companies have historically catered to the digital preferences of younger consumers, they are increasingly competing on cost and convenience across a range of more established industries like lending and insurance.
Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
ETF Summary
The Global X FinTech UCITS ETF (FINX LN) 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.
ETF Objective
The Global X FinTech UCITS ETF (FINX LN) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global FinTech Thematic v2 Index.
Regulatory
SFDR Classification
Article 6
UCITS Compliant
Yes
ISA Eligibility
Yes
SIPP Eligibility
Yes
UK Reporting Status
Yes
Authorized Participants & Market Makers
Citigroup Global Markets, DRW Europe BV, Flow Traders BV, GHCO LLP, HSBC Bank PLC, Jane Street Financial Ltd, Mirae Asset Securities UK Ltd, Societe Generale SA, Susquehanna Intl Ltd, Virtu Financial Ireland Ltd, JP Morgan Securities PLC
Distribution Calendar