* Our Parent Company Crypto Token is LIVE!!! *Flag Token

AltFi Fintech Index dips 8.7%


Share post:

FeaturesAlternative LendingDigital BankingSavings and InvestmentCrypto

February was a tougher month for financial technology stocks with only a tiny fraction making positive returns as macro concerns hit the share prices of high-growth companies.

Image source: Pixabay

A roaring start to the year for the AltFi Fintech Index in 2023 has been met by a tougher month in February. 

During February, amid a dip in the bounceback in sentiment seen in January, the AltFi Fintech Index fell 8.7 per cent during the month. 

By comparison, the MSCI World Index, which tracks thousands of the largest global companies, fell 2.7 per cent in February.

Asset management giant Amundi notes that global appetite for exchange-traded funds (ETFs) – a proxy for sentiment to risk markets – cooled in February. Despite ETFs seeing inflows of €14.9bn, the month also represented the lowest allocation to ETFs since April 2022. 

This, Amundi says may well reflect investor concerns about the direction of interest rates.

“European investors added €6.8bn while US investors allocated €6.1bn,…

Read more…


Related articles

Ownership Claim Over NFT Sotheby’s Sold For $1.5M Tossed

By Bonnie Eslinger (March 20, 2023, 10:50 PM EDT) -- A New York federal judge dismissed a Canadian...

Alliant Energy named to 2023 Bloomberg Gender-Equality Index – FinTech Futures

The index dives into environmental, social and governance data reporting MADISON, Wis.–(BUSINESS WIRE)–In recognition of its focus on...

SpankPay Adult Industry Crypto Payment Service Shuts Down

The adult-themed SpankPay payment service announced Monday that it would shut down after its upstream payment processor, Wyre...

Blockchain Gaming Market Report 2023: Rising Trend of Decentralized Gaming Presents Opportunities – Yahoo Finance

Blockchain Gaming Market Report 2023: Rising Trend of Decentralized Gaming Presents Opportunities  Yahoo Finance Read more...