- MILN is a ~$220 million fund tracking the Indxx Millennials Thematic Index.
- MILN has delivered sterling returns since inception.
- The ETF has a large exposure to the growth factor, which I believe to be the main reason for its strong returns in the past.
- Investors who are considering investing in the current version of MILN should clearly understand that behind the facade of seemingly lucrative strategy lie dangerously overpriced names.
- Acknowledging that MILN's returns were markedly strong in the past, I believe the ETF is a Hold.
For further details see:
MILN: Pay Attention To Factors