From their proclivity toward social media presence to their spending habits, Millennials have received a lot of publicity as a generation, both positive and negative. Data suggest that those same individuals in the 18 to 34 age-bracket also like exchange-traded funds.
Charles Schwab Corp (NYSE: SCHW)'s 2015 ETF Investor Study, the company's fifth iteration of the study, shows that Millennials are embracing ETFs more widely than other generations.
“The prominence of ETFs within an overall investment strategy is particularly pronounced among younger ETF investors. Millennials (aged 25-35) say that ETFs currently make up an average of 41 percent of their portfolios, compared to a 21 percent share among all investors. Sixty-one percent of Millennials plan to increase their investments in ETFs in the next year,” according to the Schwab study.
Study Results
The 2015 ETF Investor Study by Schwab surveyed over 1,000 investors ages 25 to 75 between late July and early August. ...
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