Amplify lists crowdfunding ETF
Amplify ETFs is listing a fintech ETF that focusses on fintech lending, especially crowdfunding. The Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF will target companies that provide fintech loans, particularly crowdfunded loans, as well as companies in other points of the value chain.
The index’s sub sectors and weights they receive, according to the prospectus, are:
Companies can be from anywhere in the world, but must be listed on a US stock exchange. The prospectus did not provide information on the expense ratio. The top 10 holdings in the index are: