Today we are launching a new index, Next Generation 50, which focuses on younger investors. 'I love the list because the list is made up of all the companies that younger people have heard of,' says jimcramer.
Employees of Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, watch as their listing is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021.CNBC is launching a new index focusing on younger people, younger workers and younger investors. It is called theThe index will track 50 equal-weighted stocks integral to lives and careers of millennials and those from Generation Z.
We tried to create a list of stocks that were diverse in size and growth prospects and tried to avoid many companies that have already become major household names. CNBC compiled the index after weeks of research from the networks' younger reporters and producers working on both the television and digital sides of the business and with a final vetting from CNBC's stock expert, Jim Cramer, a former successful hedge fund manager.
As a reference point, after compiling the basket of stocks, CNBC's Data and Research team backdated the index to the start of 2021. Since then it is up more than 40%. However, it has also been a victim of the recent uncertainty and volatility and has dropped 17% in the last month.Forty-eight of the issues in the index are stocks and two are crypto assets.
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