The Global X Millennials Thematic ETF (NASDAQ:MILN) is a fund that offers investors a great mix of stocks that cover a broad cross-section of different sectors. With over 70 different stocks, the ETF offers a very diversified portfolio that sees the biggest holding only making up 3.66% of the total. Big names like Amazon.com, Inc. (NASDAQ:AMZN), Netflix, Inc (NASDAQ:NFLX) and Facebook Inc (NASDAQ:FB) are some of the big names in the fund's top 20 holdings.
The stocks are representative of companies that Millennials would be familiar with and that have good prospects for long-term growth. Nearly half of the portfolio (48%) is made up of stocks from the consumer cyclical sector, tech stocks account for 27%, real estate is 11%, and the remainder comes from financial services, consumer defensive and industrials.
The ETF has done well in the past year, rising by 23% and outperforming both the NASDAQ (14%) and the Dow Jones (9%) over that time. If we stretch the timeframe out to two years, then the returns are even more impressive, climbing 47% during that time. Those are some strong results and investors only incur a nominal net expense ratio of just 0.5% with this ETF.
For millennial investors, the fund could be a great option since it holds many of the stocks that they use. And even for growth investors, it's a good mix of stocks that doesn't leave you overly reliant on the tech industry. The ETF is not terribly old and so I imagine as new up-and-coming companies become popular with Millennials, the fund will be updated to reflect that.
