A majority of fintechs are in private hands but more and more are eying public market listings.
Asset manager Robeco has launched a new fund targeting listed fintech firms as well as those incumbents investing in fintech.
The Robeco Global FinTech Equities fund will hold a concentrated portfolio of companies aiming to benefit from the increasing digitisation of financial services.
The firm is one of the first asset managers to launch an actively managed fund that only invests in listed fintech companies and is available to retail investors.
Companies in the proprietary constructed investment universe will be part of one of the three following segments: today’s winners, Fintech enablers and challengers. Today’s winners include companies that already have a competitive advantage in this space, FinTech enablers include companies that facilitate the digitisation trend, and challengers are the companies that could be the future winners.
Lemmens, who also manages Robeco New World Financial Equities, and Jeroen van Oerle, both part of Robeco’s Trends Investing team are the portfolio managers of the fund.
Patrick Lemmens, lead portfolio manager of Robeco Global FinTech Equities says the market potential is substantial.
“I strongly believe that digital finance will open the way to 2 billion people who currently don’t manage their financial affairs, and that on-line payment methods will become mainstream, while cash becomes the exception,” he said.
The fund is domiciled in Luxembourg.