Perhaps it is not the meek, but the millennials that will more likely inherit the earth.

So why not invest in the things that millennials like?

This week, New York-based Global X Funds  launched a new ETF aimed at capturing the economic ascendance of the youngest generation in the U.S. workforce, those aged 16 to 36.

The Global X Millennials Thematic ETF, listed on the Nasdaq exchange as MILN, will come with a 0.68% expense ratio.

With more than 90 million people, the millennial generation is also the largest in the U.S, says Jay Jacobs, Global X's director of research.

“That alone is interesting,” says Jacobs. “In aggregate, millennials are interested in certain types of companies, they’re more socially connected and they’re more physically mobile. We wanted to design a way for investors to access where millennials are spending their money.”

According to Global X, millennials currently earn approximately $2 trillion, a number expected to quadruple over the next decade. In addition, Global X estimates that the total transfer of wealth from baby boomers to millennials will reach $40 trillion.

MILN will track the Indxx Millennials Thematic Index, which selects companies based on their appeal to millennials. The fund only invests in U.S.-listed companies with market capitalizations of $500 million or more.

Like the millennial tastes it attempts to mimic, MILN is heavily weighted in technology and consumer discretionary products.

“There are a lot of companies that are less innovative and stuck in ways that will leave them catering to people without the most buying power. We believe in betting on millennials.” Jacobs says.

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