BlackJack3D
The $285 million Global X FinTech ETF (NASDAQ:FINX) is one of the more unique ETFs I follow. And while I am not too keen on anything in the equity market currently, this one is on my watch list and I
FINX: Fintech ETF Is Down, But Far From Out
Summary
- The Global X FinTech ETF is on my watch list due to its high return/moderate risk potential once the market stabilizes.
- FINX invests in fintech stocks, encompassing mobile payments, lending, financial software, and IT, poised to benefit from digital adoption and embedded finance growth.
- Despite high growth potential, with global fintech revenues forecasted to grow sixfold by 2030, valuation concerns and market timing lead me to a hold rating.
- Technical analysis shows FINX has underperformed but holds promise for future growth; I await better price action to upgrade my rating.
I'm Rob Isbitts, founder of Sungarden Investment Publishing. I run the new investing group Sungarden Investors Club, a community dedicated to navigating the modern investment climate with humility, discipline, and a non-traditional approach to income investing. I've been charting investments since the 1980s, and I spent decades an an investment advisor and fund manager before semi-retiring in 2020. Now, this investing group is my focus. The markets tells us a story…we just have to listen! I teach subscribers how to do that.
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