Wealthsimple North America Socially Responsible Index ETF units (TSX:WSRI) have appreciated 35% since Capital Ideas wrote about the ETF 17 months ago
Capital Ideas Media | March 4, 2022 | SmallCapPower: While older generations often scratch their heads wondering why Millennials think the way they do, their spending and investing habits should be taken seriously.
[Editor’s Note: Wealthsimple North America Socially Responsible Index ETF units have appreciated 35% since Capital Ideas wrote about the ETF 17 months ago.]
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After all, as of 2019, Millennials (anyone born between 1981 and 1996) have surpassed Baby Boomers as the largest living adult generation in the United States, according to the U.S. Census Bureau.
Technologically savvy, but not necessarily knowledgeable about investing, this generation seems more willing to embrace low-cost, easy-to-use online investing platforms such as U.S. based Robinhood or Wealthsimple in Canada.
Generally speaking, Millennials are committed to implementing Sustainable Development Goals (SDGs), including equality, climate change, peace, justice, poverty, and prosperity.
To capitalize on this, Wealthsimple introduced the Wealthsimple North America Socially Responsible Index ETF Units (TSX:WSRI).
Since making its TSX debut in June 2020, WSRI units have appreciated 44% and even have a yield of 1.2%.
WSRI ETF has an 83% weighting in U.S. stocks, which Wealthsimple claims do not violate social and environmental values, although its largest single weighting (5.3%) is Canada’s Hydro One Limited.
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