Key stats
About Global X FinTech ETF
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Inception date
Sep 12, 2016
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
FINX offers cross-sector exposure to the emerging financial technology (FinTech) theme. The fund specifically includes developed markets securities with significant exposure to at least one of six FinTech themes: mobile payments, marketplace lending, crowdfunding, enterprise solutions, blockchain and alternative currencies, and personal finance software and automated wealth management services. Since the stocks straddle the line between financials and technology, they can benefit from but are also susceptible to sector-wide shocks to either sector. FINX aims to hold up to 100 FinTech companies, selected and weighted by market-cap. Constituents are then constrained such that no individual security exceeds 6% weight and the aggregate weight of securities with over 5% allocation is capped at 40% weight of the portfolio. The index rebalances and reconstitutes annually.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Finance
Commercial Services
Stocks99.95%
Technology Services46.29%
Finance31.54%
Commercial Services22.12%
Bonds, Cash & Other0.05%
Cash0.05%
Stock breakdown by region
North America78.58%
Europe12.84%
Oceania5.25%
Asia2.09%
Latin America0.85%
Middle East0.38%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history