This article was originally published on ETFTrends.com.
As its name implies, the Global X Millennials Thematic ETF (NasdaqGM: MILN) focuses on investment themes and trends expected to benefit from millennials’ spending habits. That narrow demographic focus is helping, not hurting, the fund, which is up 24% this year. The millennial generation is classified as U.S. citizens born approximately between 1980 and 2000. [...]