##  [# ETF Explainer: FINX](/sections/etf-report-departments/etf-explainer-finx) 

 

# ETF Explainer: FINX

 

 

Fintech is a hot space for investors—see what’s driving it.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 May 01, 2019

 Edited by: Heather Bell

 

 

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**Global X FinTech ETF**Each month, we look at an ETF selected by ETF.com based on its performance and importance to investors. This month, we consider the performance of the $338 million [Global X FinTech ETF (FINX)](/FINX), which tracks stocks representing the burgeoning financial technology industry. All the companies mentioned below are holdings in FINX, unless otherwise noted (\*).

[![ETFExplainerARKW](/sites/default/files/images/Magazines/ETF%20Report/2019/05/ETFExplainerFINX_fig1.jpg)](/sites/default/files/images/Magazines/ETF%20Report/2019/05/ETFExplainerFINX_fig1b.jpg)

*For a larger view, please click on the image above.*



**MAY 2** Fiserv reports a first quarter earnings miss, and despite the company exceeding earnings expectations, its share price falls.

**JUL 31** PayPal’s share price plunges in the days after announcing a third quarter forecast that undercut analyst expectations, despite exceeding second quarter earnings consensus.

**OCT 10** Technology stocks have their worst day in seven years; Intuit is among the worst performers, with a decline of roughly 7%.

**DEC 31** FINX marks a gain of 0.5% during 2018, outperforming both the SPDR S&amp;P 500 ETF Trust (SPY), which fell 5.4%, and the Financial Select Sector SPDR Fund (XLF), which fell 14%.

**Jan 16** Fiserv announces the purchase of First Data Corporation in a $22 billion deal, driving the price of First Data up roughly 20%.

**FEB 14** SS&amp;C Technologies beats fourth quarter analyst estimates for earnings by $0.10. Revenue for the quarter also beat consensus expectations.

*Source: Bloomberg. Data for 03/29/2018 to 03/29/2019.*





 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


 Related Topics  [Broad-based](http://www.etf.com/topics/broad-based) 

 [Equity](http://www.etf.com/topics/equity) 

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 [Sectors](http://www.etf.com/topics/sectors)