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Liberum AltFi Financial Disruptors Index

 

Traditional financial services businesses and bank centric models are being disrupted. Core parts of the 'old bank' model are under attack from new players and a new era of innovative financial services is upon us. Disruption brings innovation and transformation. Companies leading these changes have the potential to profit handsomely and generate high returns for investors.

 

The Liberum AltFi Financial Disruptors Index was created to allow investors to track the companies that are leading this new wave.

 

Key Metrics

3 Month

1Yr

3Yr

Return

6.1%  

-8.4%

-10.9%

Beta

1.74

1.34

1.22

Standard Deviation

 1.76%

1.47% 

1.17%

Sharpe Ratio

0.98

-0.36

-0.21

Index Value as of 1st September 2016 is 1960.3


Index Performance



The LAFDI is a Float Market Cap and Liquidity rank weighted index comprised of a selection of companies that are disrupting incumbent banks and financial services companies by adopting a radically new approach. To find out more about the index composition and weightings please click here.

Index Constituents

Index Constituents

Ticker

Currency

BasWare OYJ

BAS1V FH

EUR

Credit Acceptance Corp*

CACC US

USD

Earthport PLC

EPO LN

GBP

FleetCor Technologies Inc*

FLT US

USD

GLI Finance Ltd

GLIF LN

GBP

International Personal Finance PLC

IPF LN

GBP

Lending Club Corporation*

LC US

USD

Medallion Financial Group

TAXI US

USD

Money3 Corporation Limited

MNY AU

AUD

Monitise Plc

MONI LN

GBP

Nationstar Mortgage Holdings Inc

NSM US

USD

Nelnet Inc*

NNI US

USD

Newstar Financial Inc

NEWS US

USD

OnDeck Capital Inc

ONDK US

USD

Optimal Payments PLC*

PAYS LN

GBP

OzForex Group Ltd

OFX AU

AUD

P2P Global Investments PLC

P2P LN

GBP

Paragon Group Companies PLC

PAG LN

GBP

PayPal Holdings Inc* PYPL US USD

PayPoint PLC

PAY LN

GBP

PennyMac Financial Services Inc

PFSI US

USD

Provident Financial PLC*

PFG LN

GBP

Qiwi PLC

QIWI US

USD

Ranger Direct lending Fund

RDL LN

GBP

Regional Management Corp.

RM US

USD

S & U PLC

SUS LN

GBP

Square Inc* SQ US USD

Stonegate Mortgage Corporation

SGM US

USD

Tree.com Inc*

TREE US

USD

Tungsten Corp PLC      

TUNG LN

GBP

Victory Park Capital Specialty Lending  VSL LN GBP

Wex Inc*

WEX US

USD

*Constituent represented in top 10 weightings of index (52.7%)

Commentary & Analysis

LAFDI Market Report – ONDK leads further pounding

6th May 2016

The LAFDI took a pounding as global capital markets digested OnDeck Capital’s disastrous results. After the bad PR generated earlier in the year by Prosper’s very public falling out with Citigroup ...

LAFDI market report - Calm after the storm

11th March 2016

After last weeks huge rally this week the LAFDI re-traced about 1/5th of last weeks absolute gain.  After seeing 20 of the index’s 32 constituents post gains of over 5% last week this week saw ...

LAFDI market report - Huge rebound for the LAFDI

4th March 2016

After a long period of absolute declines, coupled with material under-performance, the LAFDI rebounded spectacularly this week.  The recovery was broad-based with only 3 decliners out of 36 index ...

LAFDI market report - LAFDI remains under a cloud

26th February 2016

Whilst having been more volatile, at least recent moves in the LAFDI have had the same sign as wider markets. Not this week – as wider markets continued to recover the LAFDI registered another down ...

LAFDI market report - After a pounding LAFDI bounces hard

19th February 2016

The LAFDI remains a high beta play on markets – bouncing hard as markets finally re-gained their poise.           Weekly return LAFDI 8.95% MSCI ...

LAFDI market report - LAFDI remains under pressure

12th February 2016

The LAFDI remains under a cloud with another awful performance in both absolute and relative terms.           Weekly return LAFDI -7.69% MSCI ...

LAFDI market report - LAFDI can't quite keep up

5th February 2016

The LAFDI at last re-bounded but still failed to keep pace with the wider market         Weekly return LAFDI 0.95% MSCI ...

LAFDI market report - Malaise Continues

29th January 2016

The LAFDI underperformed yet again falling even as global equity markets recovered their poise.  Meanwhile volatility remained elevated with a significant weekly moves seen in many index constituents. ...

Click here for the full list of analysis and commentary.


The Liberum AltFi Financial Disruptors Index is a rules based index with an Index Committee oversight. The rules can be viewed here.