Get Exposure to Millennials' Purchasing Power With This ETF

Core Insights - The Global X Millennial Consumer ETF (MILN) targets companies benefiting from the spending habits of millennials, who represent nearly 22% of the U.S. population and have significant purchasing power [2][5]. Group 1: ETF Overview - MILN was launched on May 4, 2016, and focuses on U.S.-listed companies that derive a significant portion of their revenue from millennials [3][4]. - The ETF has seen a growth of over 233% since its inception, with 182% of that growth occurring since the pandemic low in March 2020 [6]. - As of now, MILN has assets under management of $128.67 million and a current price of $49.85, with a dividend yield of 0.20% [1][6]. Group 2: Market Potential - Millennials are projected to spend between $1.1 trillion to $1.9 trillion in 2025, accounting for approximately 27% to 28% of total U.S. retail spending [6]. - The fund's strategy is to invest in diverse sectors including social media, entertainment, food, clothing, health, travel, education, and financial services, reflecting millennials' unique preferences [5]. Group 3: Portfolio Composition - The largest holding in MILN is Sea Limited, which constitutes 3.94% of the portfolio, followed by other well-known companies like Uber, Netflix, Apple, and Spotify [8][9]. - The ETF's sector allocations are heavily weighted towards consumer discretionary (42%), communication services (20.2%), and technology (16.1%) [10]. Group 4: Technical Analysis - MILN's current price is approximately 2% off its all-time high, with expectations of a potential bounce back as it retests its 50-day exponential moving average [12][16]. - The Relative Strength Index (RSI) is currently at 47.53, indicating a potential move towards oversold territory, which historically has led to price increases [15][16].