Why Invest in Financial Services Innovation?
Financial Technology has revolutionized the way we pay for groceries, order goods online, manage our finances and invest in everything from blue chips to the latest cryptocurrency. As more and more commerce moves online, payment processing will be an increasingly critical part of the financial technology space. This revolution can impact any person with a smart phone and has application across the globe.
Investment Objectives
This managed portfolio is powered by the research of more than 100 Morningstar equity research analysts. These analysts have scored the stocks in the portfolio based on their exposure to Financial Services Innovation on a scale of 0-3. This portfolio targets companies poised to benefit from this growing sector.
The Morningstar Financial Services Innovation Index provides exposure to 30 U.S. companies the Morningstar Equity Research team believes are positioned to experience meaningful economic benefits from increased adoption of Financial Services Innovation.
Magnifi Management
The fund is reconstituted and rebalanced annually with a minimum of $300 for investment. They are exclusively found on the Magnifi platform for Magnifi accountholders.