Investors weigh fintech threat to asset management

Investors ranked asset management as 27% in a ranking of financial services sectors deemed most at risk from fintech disruption.

Financial advice came slightly higher, but consumer banking topped the list with a 59% score.

Source, an ETF provider, surveyed 71 institutional investors.

The full list of financial services sectors identified as being most at risk from fintech disruptors is:

  • Consumer banking            59%
  • Payments                            43%
  • Financial advice                 30%
  • Foreign exchange              30%
  • Asset management           27%
  • Wealth management         20%
  • Life insurance                     20%

Source published the data as it launched Europe’s “first-ever” Ucits ETF fund focused purely on fintech companies.

The Source KBW Nasdaq Fintech Ucits ETF equally weights and tracks the KBW Nasdaq Financial Technology Index, which captures fintech companies publicly listed in the US.

The index has 50 constituents, including well-known names such as Paypal and Visa, to newer entrants like app Square, which a point-of-sale payment app provider.

©2017 funds europe

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