Global x Millennial Consumer ETF today
Global X Millennial Consumer ETF
- 52 weeks
- $ 36.87
▼
50.86 dollars
- Profit
- 0.20 %
- Assets under management
- 128.67 million dollars
The millennium generation has been appointed a lot of blame, from stimulating the fall of tissue tissue and soap bars to turn their appearance on moth balls and canned tuna fish. As the millennium generation, I bear some of this blame. Although I still use napkins and bars from the phone soap, I have not opened a box of tuna since I left the college. With regard to moth balls, frankly, they were coming.
But as the largest group of generations in the country in approximately 22 % of all the population – or more than 75 million Americans – are leading a massive collective purchase authority. Understand what the demographic chooses to spend his money can provide an insight into the industries and companies that support them.
Enter Global X Millennials Consumer ETF Nasdak: laxativeA fund that tracks an indicator consisting of companies listed in the United States, which derives a large part of its total revenue from spending habits in the millennial generation.
ETF focuses on the largest generation in America
On May 4, 2016, Global X Miln launched. This is the key to the future success of the fund given how the American economy depends greatly on the behavior that the consumer moves, as special consumption represents more than two -thirds of the nominal GDP.
Global X states its goal is to invest in high probabilities “to take advantage of the growing power of spending and unique preferences for the American millennium.” These companies extend to industries, including social media, entertainment, food/food, clothes/clothes, health/fitness, travel, education, employment, housing, home commodities, and financial services.
With the millennial generation on the correct path to spending estimated at 1.1 to $ 1.9 trillion in 2025 – or approximately 27 % to 28 % of the total retail spending in the United States – Miln is looking to take advantage of the massive impact that the generation will carry. Since its inception, ETF has increased by more than 233 %, with 182 % of this since the epidemic decreased in March 2020.
This year, the fund increased by more than 10 %, but the formation of its portfolio indicates that the strong upward trend movement may occur during the end of the year until 2026.
Smart funds seem to agree. Miln is currently 0.33 % of its float, by approximately 35 % per month.
Millennium Approved portfolio
The largest position in the box is a holding company less well -known with a large imprint. The limited sea New York: That,, Which represents 3.94 % of the wallet, is a Singapore -based technology group that includes Shoppee, the largest e -commerce platform in Southeast Asia and Taiwan, the MIEE payment and financial services company, and the Garena online games platform.
The best Garina performance game is Free Fire, which includes 33 million active users per day and about 120 million active monthly users.
From there, familiar names revolve around the top five ETF property, including:
An attractive part of Miln is that it is well balanced. There is no stock in the 10 best holdings currently 3.94 % or less than 3.09 %, from Uber technologies New York: Uber And Netflix Nasdak: NFLX To Apple Nasdak: Aapl And Spotify Technologies New York: spot.
Meanwhile, due to its concentration that focuses on consumer behavior, the allocations of its sector are more concentrated, and they are greatly preferred to estimate the consumer (42 %), communication services (20.2 %), and technology (16.1 %). The only way this box can be, which receives a moderate purchase classification, the most millennial generation is that avocado toast is the amulet. Of the 25 analysts covering Millen, it does not receive sale recommendations.
Strong technical preparation
After placing its highest level (ATH) in late September, the Miln retreated and is currently sitting about 2 % of that sign. The negative aspect is likely to be in the short term in the short term until the ETF is re -testing the 50 -day moving average (EMA), and it appears to be the orange direction line in the graph for one year below.
When this level tested the last three times (shares 1, 2 and 3 below), Millen wore and moved up.
Another promising technical indicator is the RSI Relative Index (RSI), which is currently reading 47.53. Although this is a little less than the 50 average RSI threshold, the index showed a large turn on the downside (arrow 4 above), indicating that it is heading towards the sales lands.
The last time RSI fell from Miln to the sales lands (Arrow 5), buyers enter and pushed ETF to the record height. If this trend continues, it may coincide with the re -test of the EMA for 50 days, causing the opposite of the shares, heading higher, and perhaps the Miln challenge before the end of the year.
Before you think about Etf Global X Millennial Consumer, you will want to hear it.
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