ZGEN - Generation Z ETF is shunned by investors
Investors don’t appear to have much faith in the Gen Z group as a centerpiece for investment decisions. Just look at the performance of the Alpha Architect ETF Trust - The Generation Z ETF (NASDAQ:ZGEN). The fund ranks among the worst-performing actively managed exchange traded funds in 2022, falling 22% so far this year. Aside from its dismal 2022, the exchange traded fund has flopped since its launch back on Dec. 16, as the fund is down 23.2%. Putting ZGEN’s returns into perspective, the Nasdaq (COMP.IND), which has had its own struggles, has posted a decline of 10.5%, less than half the retreat seen by ZGEN since Dec.16. According to the fund, ZGEN offers investors exposure to stocks that are born after the internet and whose use, values, disruptiveness and innovativeness align with the 2.5B Generation Z individuals. The thematic fund may one day take advantage of the future growing Gen Z market that
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Generation Z ETF is shunned by investors