Thematic strategies tend to be alpha-seeking, have a long time horizon and are growth oriented. The thematic investments also transcend classic sector, industry and geographic classifications as many overlap.

Competitors in the fintech ETF arena include the Global X FinTech Thematic ETF (NasdaqGM: FINX). FINX targets companies on the leading edge of emerging financial technology industry, which includes a range of innovations that caters toward businesses engaged in insurance, investing, fundraising and third-party lending through unique mobile and digital solutions.

“The US FinTech industry is on a positive growth trajectory due to healthy economic trends and beneficial secular changes that results in a revenue opportunity for global payments that exceeds $2 trillion,” said Fitch Ratings in a recent note.

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