IPAY Profile
ETFMG Prime Mobile Payments ETF (IPAY) is an exchange-traded fund that seeks to track the performance of the Prime Mobile Payments Index. The index is comprised of companies involved in mobile payment technology, including mobile payment networks, payment processing services, payment solution software, and payment card manufacturers.
IPAY was created to provide investors with exposure to companies involved in the fast-growing mobile payment industry. Mobile payment technology has become increasingly popular in recent years, as consumers seek more convenient ways to make payments and merchants look for faster and more secure payment processing solutions.
IPAY's holdings include well-known companies such as Square, PayPal, and Mastercard, as well as smaller companies that are focused exclusively on the mobile payment industry. The fund has a relatively low expense ratio compared to other technology-focused ETFs, and it is designed to provide investors with diversified exposure to the mobile payment industry.
|
