|Bid||0.00 x 1800|
|Ask||27.34 x 1000|
|Day's Range||27.25 - 27.34|
|52 Week Range||24.75 - 27.40|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.10%|
NULC comes to market at a time of rapid growth for some new, domestic ESG ETFs. A pair of funds in that group that debuted earlier this year, recently hit $1 billion in assets under management, bringing the number of U.S.-listed ETFs at that milestone to five.
There are more than 80 exchange traded funds listed in the United States that adhere to environmental, social and governance (ESG) investing principles and while that universe is growing in population ...
ESG ETFs have been thriving on popularity of late with issuers coming up with products in droves. But the area is less known and thus has more room for growth.
In the investment community, millennials get plenty of attention. Whether it is the wealth millennials stand to one day inherit from their parents, trends tied to the generation's spending habits or the specific investments being embraced by millennials, the generation with birthdays ranging from 1980 to 2000 is on Wall Street's radar in significant fashion.One thing is clear: millennial investors like exchange-traded funds (ETFs). According to a Charles Schwab survey released in June 2018, nine in 10 millennials view ETFs as important to portfolios and a third of those investors have dumped other investments in favor all-ETF portfolios. Even if they're not millennial ETFs specifically, they like investing with these funds."The move is coming at the expense of individual stocks, with more than half of millennials surveyed saying they dumped all their equity holdings for ETFs," according to CNBC.InvestorPlace - Stock Market News, Stock Advice & Trading TipsETFs are an ideal way for other investors to access millennial themes and trends, but investors should note there are important differences between "millennial ETFs," or those that appear geared toward themes tied to this generation, and ETFs millennials themselves like. * 10 Stocks on the Rise Heading Into the Second Quarter Let's take a look at some millennial ETFs as well as some other funds younger investors often embrace. Millennial ETFs: Vanguard Total Stock Market ETF (VTI)Expense Ratio: 0.04%, or $4 per $10,000 invested annually.Millennials' reasons for embracing ETFs are basically the same as the reasons found among other generations. Among other reasons, millennials like having the ability to access a broad basket of stocks under one umbrella at a low cost. The Vanguard Total Stock Market ETF (NYSEARCA:VTI), while not a millennial ETF specifically, checks all of those boxes.With its annual fee of just 0.04%, VTI is cheaper than all but a handful of U.S.-listed ETFs and this Vangurd fund is one of just four ETFs with more than $100 billion in assets under management.VTI holds nearly 3,600 stocks with a median market value of $70.3 billion, but its holdings span the large-, mid- and small-cap segments. The technology and financial services sectors combine for more than 39% of VTI's weight. Invesco QQQ (QQQ)Source: Shutterstock Expense Ratio: 0.2%The Invesco QQQ (NASDAQ:QQQ), the Nasdaq-100 tracking ETF, is not a dedicated millennial ETF either, but like the aforementioned VTI, this is one of the most popular ETFs among "Gen Y" investors. QQQ recently turned 20 years old, meaning some of the older millennials that have been actively following financial markets for significant portions of their lives grew up with QQQ.QQQ has credibility as a millennial ETF because many of the fund's marquee holdings are purveyors of products and services widely used by millennials. Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN) and Facebook (NASDAQ:FB) combine for over 24% of QQQ's weight. * 5 Cloud Stocks to Help Your Portfolio Fly Another reason QQQ has credibility as a millennial ETF is the fund's almost 62% weight to growth stocks. Younger investors can be more heavily allocated to growth stocks than retirement investors because the benefit of time allows younger investors to ride out some of the volatility associated with growth fare. Global X Millennials Thematic ETF (MILN)Expense Ratio: 0.68%As its name implies, the Global X Millennials Thematic ETF (NASDAQ:MILN) is in fact a millennial ETF. MILN, which debuted nearly three years ago, tracks the Indxx Millennials Thematic Index.This millennial ETF's holdings "come from a broad range of categories, including: social media and entertainment, food and dining, clothing and apparel, health and fitness, travel and mobility, education and employment, housing and home goods, and financial services," according to Global X.MILN is heavily exposed to the communication services and consumer discretionary sectors and the fund features plenty of large-cap fare, such as Amazon, Starbucks (NASDAQ:SBUX) and Netflix (NASDAQ:NFLX).While this millennial ETF is performing admirably in 2019 with a gain of over 20%, adoption of the fund has been slow as highlighted by its roughly $35 million in assets under management. ETFMG Alternative Harvest ETF (MJ)Source: Shutterstock Expense Ratio: 0.75%The status of the ETFMG Alternative Harvest ETF (NYSEARCA:MJ) as a millennial ETF should be taken as an implication that all millennials indulge in marijuana. However, data confirm that many millennial ETFs are also thematic ETFs and that Gen Y investors do love MJ.Nearly 36,000 millennial investors on the popular Robinhood investment app are involved with MJ, ranking the fund 46th on that platform, according to Business Insider. * Top 7 Service Sector Stocks That Will Pay You to Own Them Any investor, millennial or otherwise, that bought MJ late last year is loving life right as the fund is up nearly 54% this year, making it one of 2019's best-performing non-leveraged ETFs. Currently, MJ is the only dedicated cannabis fund listed in the U.S. Global X Robotics & Artificial Intelligence ETF (BOTZ)Expense Ratio: 0.68%.Keeping with the theme of thematic ETFs also being millennial ETFs, the Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) is a hit among Gen Y investors.The fund has almost 17,000 millennial investors on Robinhood, ranking it 88th on the platform, reports Business Insider. Home to $1.58 billion in assets, BOTZ follows the Indxx Global Robotics & Artificial Intelligence Thematic Index and is one of the largest robotics ETFs in the world.BOTZ, which is up 20% this year, makes for an ideal millennial ETF. The fund is levered to fast-growing investment theme with long-term durability, but it is essentially a growth fund with volatility metrics that are significantly higher than the broader market. iShares Core S&P U.S. Growth ETF (IUSG)Expense Ratio: 0.04%As has been noted throughout this piece, millennial investors have the luxury of longer investment horizons, meaning they can and should embrace the growth factor. They can do just that in cost-effective fashion with the iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG).This millennial ETF targets the S&P 900 Growth Index and his home to nearly 540 stocks, giving it a larger roster than S&P 500 Growth Index funds. For a growth ETF, IUSG's volatility metrics are more than tolerable. The fund's three-year standard deviation of just over 12% compares favorably with traditional broader market strategies and value funds. * 7 Small-Cap Stocks That Make the Grade Like many growth funds, IUSG is heavily allocated to some combination of the technology, communication services and consumer discretionary sectors. Those groups combine for over half of IUSG's weight. The fund is up about 14% this year and is one of the most attractively priced growth ETFs on the market. Xtrackers MSCI USA ESG Leaders Equity ETF (USSG)Expense Ratio: 0.1%Millennials are being looked to as important drivers of growth for socially responsible and environmental, social and governance (ESG) funds. If millennials do come calling for ESG funds, the newly minted Xtrackers MSCI USA ESG Leaders Equity ETF (NYSEARCA:USSG) is poised to benefit.USSG debuted earlier this month and is already one of the largest ESG ETFs in the U.S. This millennial ETF is not even two weeks old and it already has nearly $872 million in assets under management, according to issuer data. USSG has the potential to more socially conscious investors with an annual fee that makes it one of the cheapest ESG funds on the market.As is the case with many millennial ETFs, USSG is heavily allocated to tech stocks (30.49%). Among the companies that are often excluded from ESG funds are casino operators, alcohol makers, civilian firearms manufacturers and tobacco companies. Those exclusions are true to form in USSG.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post 7 ETFs for a Millennial Portfolio appeared first on InvestorPlace.
More and more, ETF issues believe that investors, particularly the coveted millennial demographic, want to invest with a conscience and embrace socially responsible investing (SRI) strategies. This has led to the rise of funds based on environmental, social and governance (ESG) principles.While the stream of new product launches in the SRI and ESG spaces remains steady, issuers of these funds are also tackling a major issuer for investors: whether or not investing responsibly means sacrificing returns.As has been noted over the course of ESG and SRI ETFs' evolution and growth, many advisors and investors need and want more education about what exactly constitutes an ESG or SRI fund. While elements of SRI vary among index providers, some of the primary hallmarks of legacy socially responsible funds include the exclusion of alcohol stocks, casino operator, gun makers and tobacco makers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 15 Stocks That May Be Hurt by This Year's Big IPOs In other words, finding tobacco-free funds is not hard these days. Of course there are risks with tobacco-free funds. While controversial, tobacco stocks do offer upside potential and many come with steady dividend growth and tempting yields. But for investors that want to invest smoke-free, here are some tobacco-free funds to consider. Xtrackers MSCI USA ESG Leaders Equity ETF (USSG)Source: Via Microsoft Expense ratio: 0.10% per year, or $10 on a $10,000 investment. Aside from being a tobacco-free fund, the Xtrackers MSCI USA ESG Leaders Equity ETF (NYSEARCA:USSG) is noteworthy for some other reasons. With its annual fee of 0.10%, this is one of the least expensive ESG ETFs in the U.S.And it must be noted that this tobacco-free fund debuted on March 7, and is already home to more than $865 million in assets under management. That means a string of superlatives are tied to USSG, including its status as one of the largest ESG ETFs, one of the most successful new ETF launches since the start of 2018 and the fund's position as possibly becoming a $1 billion ETF in one of the shortest times in industry history.USSG allocates just 7.21% of its weight to the consumer staples sector, the sector where tobacco stocks reside. The bulk of the fund's consumer staples holdings are consumer products and food and beverage companies. 30% of this tobacco-free fund is allocated to the information technology sector. iShares MSCI USA ESG Select ETF (SUSA)Source: Shutterstock Expense ratio: 0.25% per year, or $25 on a $10,000 investment. The iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) is one of the ESG ETFs that is larger than the aforementioned USSG and this iShares fund has credibility as a tobacco-free fund.Like USSG, SUSA follows an index constructed by MSCI and the bulk of that index provider's ESG benchmarks exclude tobacco companies. Although this tobacco-free fund is home to just 131 stocks, SUSA has an ESG coverage ratio of 99.30%, according to issuer data. * 5 Undervalued Stocks to Invest In The technology and healthcare sectors combine for nearly 38% of the ETF's weight. SUSA, which is more than 14 years old, is higher by nearly 14% this year. Nuveen ESG Mid-Cap Growth ETF (NUMG) Source: Shutterstock Expense ratio: 0.40% per year, or $40 on a $10,000 investment. As its name implies, the Nuveen ESG Mid-Cap Growth ETF (CBOE:NUMG) is a mid-cap growth ETF. With the growth and mid-cap qualifiers in place, it is easy for NUMG to be a tobacco-free ETF because most of the major tobacco stocks in the U.S. are large-cap names and those companies are rarely considered growth names. NUMG could be one of the tobacco-free funds on the screens of younger investors."Demand is particularly prevalent among the younger generation as 84% of millennials say they would be likely to put all of their investment holdings in responsible investments and 93% of millennial investors show a preference for investments to deliver competitive returns while promoting positive social and environmental outcomes," ETF Trends reports, citing Nuveen data.There is something to NUMG's methodology. Over the past year, the tobacco-free fund is up 5.32% while the S&P MidCap 400 Index is lower by 2.26%. Global X Conscious Companies ETF (KRMA) Expense ratio: 0.43% per year, or $43 on a $10,000 investment.Source: (C)iStock.com/milkdam The Global X Conscious Companies ETF (NASDAQ:KRMA) holds just 160 stocks, making avoiding tobacco a somewhat easy task. While this is a tobacco-free fund, KRMA isn't a sin-free fund as some its holdings are makers of junk food and soda. KRMA, which is nearly three years old, tracks the Concinnity Conscious Companies Index. The fund "applies a wide range of sources that focus on measuring positive outcomes, including fundamental financial ratios to assess for operational efficiency and other long-term value creation indicators," according to Global X. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Beyond responsible investing, KRMA offers another benefit: its annualized volatility is less than that of the S&P 500. ClearBridge Large Cap Growth ESG ETF (LRGE)Expense ratio: 0.59% per year, or $59 on a $10,000 investment.Source: Shutterstock The ClearBridge Large Cap Growth ESG ETF (NASDAQ:LRGE) is an actively managed fund that looks to include companies with similar market capitalizations of those in the Russell 1000 Growth Index. LRGE "favor companies that promote best practices when it comes to the environment, social issues and corporate governance," according to the isuser. LRGE is a tobacco-free fund. The fund's weight to consumer staples stocks is just 4.08% and almost half of that goes to Costco Wholesale Corp. (NASDAQ:COST)."LRGE ranks in the 87th percentile within its peer group and in the 59th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage," according to ETF.com.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post No Smoking Zone: 5 Tobacco-Free Funds for ESG Investors appeared first on InvestorPlace.
As almost every corner of the global economy evolves, the ETF industry has responded to give investors access to these changes. This week, Goldman Sachs makes the biggest leap into the next-gen ETF space while relative newcomer Defiance also expands its high tech roster.