Global X Fintech ETF fell 52% in 2022. This is higher than the broader financial industry’s 12% decline, and the Nasdaq Composite’s 33% decline. Interest rates are also a factor (Peter Rudegeair/Wall Street Journal).

Peter Rudiger / Wall Street Journal:

The Global X Fintech ETF is down 52% by 2022, in addition to a 12% decline in the broader financial sector, and the Nasdaq Composite 33% drop, which are both weighed down with interest rates.Sector is affected by high interest rates and unprofitable business model. – Why technical layoffs aren’t reflective of the job market

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