Gen-Z ETF to Shutter After Teenage Values Pitch Falls Flat
- Closing of the fund isn’t terribly surprising, Strategas says
- ZGEN launched at end of 2021, has held Duolingo, Tesla, others
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An exchange-traded fund tracking US companies that adhere to the values of Generation Z is shuttering hardly more than a year after its launch.
The Generation Z ETF (ticker ZGEN), which launched at the end of 2021 and counts companies like Duolingo Inc. and Tesla Inc. among its top holdings, will cease trading and be closed for purchases at the end of the session on March 17. Behind its launch were Julian Feder and Eitan Prins-Trachtenberg, both teenagers at the time of the fund’s inception.