Broker eToro informed its clients about the launch of a Fin-Texh investment portfolio containing stocks of fintech companies.
"The fintech industry provides an interesting diversification opportunity for investors as it combines the strength of the ever-growing tech industry with the stability of more traditional financial institutions," said Dani Brinker, Head of Investment Portfolios at eToro.
In compiling the portfolio, eToro experts selected 40 leading fintech companies that have high market capitalization, good liquidity parameters, and analyst ratings, according to the FNG website.
The initial portfolio includes stocks from well-known companies such as Block, Lemonade, Adyen, and Xero, as well as promising new companies such as Stone, Nexi, and SoFi.
The brokerage said that InsuranceWorld will be reviewed and adjusted annually.
Fin-Tech has expanded eToro's existing investment offering, which consists of traditional financial portfolios such as InsuranceWorld, Private Equity, The Big Banks, and Real Estate Trusts.
"This new portfolio offers users a carefully selected mix of top-performing companies from a variety of verticals within the fintech ecosystem, including paytech, insurtech, digital banking, and trading," said Brinker.
The minimum investment for the portfolio is $500.
The portfolio is not currently available to U.S. users.
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