Wealthsimple North America Socially Responsible Index ETF Units (TSX:WSRI) have appreciated about 12% since debuting in June of this year
Capital Ideas Media | November 20, 2020 | 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.
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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 of this year, WSRI units have appreciated 7%[now 12% as of November 19, 2020] and even have a tiny yield of 0.3%.
WSRI ETF holds Canadian and U.S. stocks that Wealthsimple claims do not violate social and environmental values. Interestingly, this includes gold miner Agnico Eagle Mines Limited (its second-largest holding at 4%) and uranium giant Cameco (a 3.2% weighting). Its largest weighting is Hydro One Limited (4.6%).
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