'FINX' - A Futuristic Financial Services ETF

FINX is also a global ETF. In addition to the U.S., eight other countries are represented in the fund, including a small weight to China. Peer-to-peer lender Yirendai is one of the Chinese stocks in FINX.

“While Yirendai is just one peer-to-peer lending platform, it is representative of a broader trend in FinTech of utilizing scalable technology platforms to provide financial services to customers who previously were ignored by traditional financial institutions,” according to Global X. “This is most apparent in the emerging markets where the rising middle class has historically largely been deprived of small loans or wealth management solutions given a lack of scalable financial services.”

FINX charges 0.68% per year, or $68 on a $10,000 investment.

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