Since February 2019, the Ark Fintech Innovation ETF (NYSE: ARKF), exchange-traded fund (ETF), is up over 100%.
In the meantime, the Monetary Choose Sector SPDR Fund (NYSE: XLF), which represents the standard banking sector, is in adverse territory over that timeframe:
Fintech Stocks vs. Conventional Bank Stocks
That’s as a result of fintech, quick for monetary expertise, is consuming the standard banking sector.
In at the moment’s Market Insights video, I’m joined by Steve Fernandez, the analysis analyst for our Automated Fortunes service.
We focus on why fintech’s unimaginable progress is simply getting began.
Editor, Automated Fortunes