ETF IPAY

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Jojo
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ETF IPAY

Berichtdoor Jojo » 20 Okt 2017 14:41

The ISE Mobile Payments ETF (IPAY ) is also an ETF first, offering a pure play on companies specializing in mobile, electronic and digital payments. IPAY’s constituents fall into at least one of the following four categories: card brands/consumer banks, non-bank payment platforms, hardware and software providers, merchant sponsor banks/acquirers. Considering roughly 70% of consumer spending in the U.S. alone is electronic, IPAY looks to capitalize on the growing industry.
Commenting on the launch, CEO Andrew Chanin noted: "These new ETFs will offer investors an opportunity for exposure to two industries shaping the future of technology. These two technology sectors are transforming traditional commerce and data management, and their solutions are bringing exciting changes to everything from how we pay for a cup of coffee to how we access and interpret vital information.”
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