Source launches first fintech ETF

Growth of fintech has accelerated

Source has launched Europe's first-ever UCITS ETF focused solely on financial technology (fintech) companies.

The Source KBW NASDAQ Fintech UCITS ETF will track the 50 companies that make up the KBW NASDAQ Financial Technology index on and equally-weighted basis to ensure performance is captured across the sector. Source launches 'low-cost' commodity ETF The index is made up of fintech companies listed in the US, which have market caps ranging from under $1bn to over $150bn. Chris Mellor, executive director of equity product management at Source, said: "Fintech companies are reshaping every part of financial services, from consumer finance and payments to insurance and data processing. ...