From Nasdaq

March 31, 2025 6:52:00 PM:

The stock market has been hit hard by weak economic data, tariff concerns, higher inflation, and fears about AI spending. The Nasdaq Composite is down nearly 15% from its recent high, with fintech stocks like Shopify, Block, and SoFi suffering even more significant losses.

The Ark Fintech Innovation ETF is actively managed by notable tech investor Cathie Wood and offers exposure to a mix of fintech stocks, including e-commerce, cryptocurrency, payment processors, and cybersecurity companies. While there are risks, the ETF provides a diversified investment in the growing fintech sector.

The Ark Fintech Innovation ETF has a 0.75% expense ratio and a concentrated portfolio with its top 10 holdings making up almost 55% of the fund’s assets. Investing in rapidly evolving technology like fintech carries inherent risks, but with the recent market weakness, the ETF offers an opportunity to buy promising stocks at a discount.

Consider joining Stock Advisor for guidance on building a successful portfolio and access to top stock picks. While the Ark Fintech Innovation ETF may not be on their list of 10 best stocks, the service has a track record of outperforming the S&P 500 and providing valuable insights for investors.

Read more at Nasdaq, Inc.: 1 High-Tech ETF Down 25% You Can Buy Right Now