Global X Launches Millennials ETF on Nasdaq

Jay Jacobs, director of research of Global X, said as Millennials enter their prime earning years, companies that cater to their unique spending preferences are expected to gain market share.

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“These companies can come from a broad range of industries and hit on a variety of sub-themes inherent with millennials, such as the use of social media, consumption of digital content, a focus on health and wellness, and investment in education and career advancement, among many others,” Jacobs said.

Thematic investments aim to access the high growth potential of companies at the forefront of a long-term, structural changes in the economy. By transcending classic sector and industry classifications, thematic investing seeks to harness macro-level trends and the investments best suited to benefit from those trends.

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