Gen Z ETF Dreamed Up by a High School Junior Is On the Way
- Tech and software services firms will likely be in holdings
- Proposed fund will screen companies based on utility, morals
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Some of the world’s youngest investors may soon have access to an exchange-traded fund tailored to their “progressive values.”
The Gen Z ETF, a joint venture between adviser Empowered Funds LLC and sub-adviser Alkali Fintech LLC, will track companies that Alkali deems most relevant to investors born between 1997 and the early 2010s, according to a Wednesday filing with the U.S. Securities and Exchange Commission.