Solactive launches new FinTech index
Frankfurt-based Solactive AG has launched the Solactive FinTech 20 Index, designed to track the 20 largest players in the Financial Technology (FinTech) space. The Index is used as underlying for the UBS Open End Index Certificates, available in euro and US dollar.
The index includes includes all technologies applied to financial services; from existing players adopting new approaches to startups pushing today’s boundaries with innovative ideas.
Steffen Scheuble (pictured), CEO, Solactive, said: “The growth and success of FinTech is key to the future of the financial industry. What may seem like a nichy concept at the moment will very likely be a cornerstone of tomorrow’s banking and investment world. We hope that the Solactive FinTech 20 Index will help investors gain access to this interesting, fast growing market.”
Steffen Kapraun, Structured Products expert at UBS, adds: “UBS has a strong track record as a provider of efficient investment solutions that open up new markets for investors. With our two new Open End Index certificates we build on this history of product innovation and allow investors to add tailor-made exposure to the most important FinTech companies to their portfolio.”