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GameStop Corp and other 'meme stocks' get extra boost from new exchange-traded fund

GameStop Corp and other 'meme stocks' get extra boost from new exchange-traded fund
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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Buzzy ETF set for launch as Rocket Companies blasts off, Budget Day looms for UK markets

Wed, 3 March 2021 | Written By:
Neil Wilson
Neil is chief market analyst for Markets.com and also writes for the Investors Chronicle as ‘The Trader’, with the daily market outlook published online each morning.
Buzzy ETF set for launch as Rocket Companies blasts off, Budget Day looms for UK markets
If you thought the meme stock craze was going away, think again. VanEck Associates will this week launch a new exchange traded fund (ETF) that seeks to track the performance of the top 75 most buzzy companies on the internet. The VanEck Vectors Social Sentiment ETF (BUZZ) will track the BUZZ NextGen AI US Sentiment Leaders Index. This index consists of the most-favourably talked about stocks online, whether on blogs, social media or Reddit. The companies must have a market cap of at least $5bn. ....

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VanEck Introducing a Social Media ETF to Capture Retail Trading Hype

VanEck Introducing a Social Media ETF to Capture Retail Trading Hype
February 11, 2021
With the advent of smartphone applications, it’s difficult to get away from social media. The majority of today’s retail investors are bombarded with social media influences on a daily basis. ETF provider VanEck has sniffed out an opportunity with the creation of the
With all the hype surrounding the Reddit user forum WallStreetBets, the timing couldn’t be more auspicious. Since the GameStop debacle that saw retail traders associated with the forum short squeeze hedge fund positions and cause catastrophic losses, the capital markets are giving sentiment trading via social media a closer look. ....

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