KBW and Nasdaq Unveil KFTX Index to Track FinTech Companies
Posted: Sun Jul 17, 2016 5:07 pm
Nasdaq and Keefe Bruyette & Woods have teamed up to launch a benchmark designed to track the performance of financial technology companies that are publicly traded in the U.S. The most recent addition to the KBW Nasdaq industry-leading family of financial indexes has been introduced under the name KBW Nasdaq Financial Technology Index (Ticker: KFTX), according to an official press release.
KFTX provides investors with the most precise representation of FinTech sector, depending on KBW’s expertise in financial services and Nasdaq’s long history of creating market-leading indexes.
Since FinTech companies are not easily categorized into a single industry group, Index eligibility is ... (read more)