Millennials seem to be jumping on board with exchange traded funds, or ETFs. Rob Nestor is the head of iShares Beta ETF at BlackRock and he joins Cheddar to explain why millennials and others are jumping on this trend. BlackRock recently conducted an ETF pulse survey and found that millennials and silvers are the most keyed into the ETF trend. Boomers are missing out and Nestor believes that is partly to do with lack of education. According to the survey, 1 in 3 investors use ETFs now, that is up from 1 in 4 investors from last year. The growth of ETF ownership has gone up 31% this year, that is up from the 25% increase last year.

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Small grocers and convenience stores feel an impact as customers go without SNAP benefits
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
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