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Investing in fintech? There's now an index for that. Keefe, Bruyette, & Woodshas struck a deal with Nasdaq to debut KBW Financial Technology Index (Ticker: DFTX), a publicly traded index focused solely on financial services technology companies. The initial roster will include 49 stocks with a total market capitalization of $785 billion, with business models that leverage technology and revenues that are derived primary by fee income rather than net interest income.
“FinTech has been a developing industry for a number of years, the buzz being around nonpublic companies in FinTech,” he said. “In the last couple of years, we’ve seen a lot of IPOs of FinTech companies and financial specialists that integrate these large companies with FinTech.” Fox noted that the index itself is estimated to be growing by 16 percent through the next year, as KBW said that financials are on the cusp of further recovery.
http://www.pymnts.com/news/fintech-investments/2016/fintech-index-nasdaq-kbw/
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