Global X - Millennial Consumer ETF
MILN
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 605 Third Avenue, 43rd Floor New York NY United States of America 10158
- IPO Date
- May 6, 2016
- CIK
- 0001432353
- Website
- globalxfunds.com
- Similar Companies
- Business
- Global X Millennials Consumer ETF (MILN) is an exchange-traded fund that seeks to provide investment results corresponding generally to the price and yield performance, before fees and expenses, of the Indxx Millennials Thematic Index. The fund invests at least 80% of its total assets in securities of U.S.-listed companies that derive significant revenue from millennial consumption trends, including spending categories such as travel, dining, e-commerce, entertainment, fitness and wellness; top holdings include Alphabet Inc., Apple Inc., Carvana Co., Walt Disney Co., DoorDash Inc., Amazon.com Inc., Booking Holdings Inc., Meta Platforms Inc., Airbnb Inc., and Nike Inc. Launched on May 4, 2016, and domiciled in the United States, MILN provides exposure across sectors like consumer discretionary (43.9%), communication services (23.8%), information technology (9.4%), financials (7.4%), and real estate (6.4%), targeting the millennial demographic born between 1980 and 2000, which represents over 45% of the U.S. workforce and drives more than two-thirds of nominal GDP through private consumption. MILN is issued and managed by Global X Management Company LLC, a New York-based provider of exchange-traded funds founded in 2008 and acquired by Mirae Asset Global Investments in July 2018 for $488 million; Global X oversees more than 80 ETF products with approximately $40 billion in assets under management, spanning thematic growth, income, commodities, international access, and core strategies, with headquarters at 605 Third Avenue, New York, New York. The fund employs a full replication technique to track its benchmark, focusing on growth and value stocks across diversified market capitalizations in the public equity markets of the United States. In recent developments, Global X has expanded its product suite with launches including the Global X Investment Grade Corporate Bond ETF (GXIG) in June 2025, featuring an active strategy using proprietary quantitative models and neural networks for investment-grade corporate bonds; the firm also announced expansions in its AI ecosystem offerings in October 2025 to address next-generation computing demand, alongside share consolidations for certain funds in November 2025. Institutional interest in MILN has grown, with Envestnet Asset Management Inc. increasing its holdings by 6.6% in Q2 2025 to 27,756 shares valued at $1.354 million, Jane Street Group LLC initiating a new position in Q1 2025 worth $493,000, and Moran Wealth Management LLC boosting its stake by 87.5% in Q2 2025 to 12,179 shares valued at $594,000. These activities reflect Global X's ongoing commitment to innovation amid evolving market conditions, including thematic expansions in AI, blockchain, cybersecurity, data centers, U.S. infrastructure, and clean tech as highlighted in November 2025 research.