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Dave Portnoy Promotes New ETF That Follows Social Sentiment


Fund News Advisors Can Use: Dave Portnoy Promotes New ETF That Follows Social Sentiment
This week in fund news, VanEck s BUZZ goes live with Portnoy s backing; mutual fund-to-ETF conversions are coming; and Avantis hires more DFA execs.
VanEck launched a new exchange traded fund this week that invests in U.S. large-cap stocks with the highest degree of positive social sentiment and bullish investor perception. The new
VanEck Vectors Social Sentiment ETF (BUZZ) tracks the BUZZ NextGen AI US Sentiment Leaders Index, which analyzes interactions across social media platforms, news articles, blog posts and other content from online sources to measure stock-specific sentiment. ....

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VanEck Joins Retail Swarm With Vectors Social Sentiment ETF, 'BUZZ'


On Thursday, VanEck announced the launch of the 
VanEck Vectors Social Sentiment ETF (BUZZ), which provides investors value-added exposure to large cap U.S. stocks with the most bullish investor sentiment and perception.
“We are experiencing a monumental moment within the history of the retail investor Twitter, Reddit, Stocktwits, and dozens of other platforms have established communities for investors to discuss stocks, and as a result of soaring online engagement, they have become an alternative dataset for investors to scour and utilize for a performance edge,” said Ed Lopez, Managing Director, Head of ETF Product for VanEck. “BUZZ empowers individual investors to potentially benefit from the predictive insights gained by measuring the collective convictions about stocks, ultimately building the benchmark for social sentiment.” ....

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