So this week, I released an article based on an article from Bloomberg titled: The FOMO economy: Is everyone making money except you? It mentioned that the BUZZ ETF and FOMO ETF were both created due to this new trend of meme stocks or social sentiment where communities rally together to bring a stock up or down. Lets explore a little more into each.
Buzz ETF (VanEck Vectors Social Sentiment ETF)
For the BUZZ ETF, it was created on 2 March 2021 which is rather recent and the issuer is VanEck hence the full name is VanEck Vectors Social Sentiment ETF and listed as BUZZ. It has about 75 holdings/companies in it which we will look through in awhile.
VanEck Vectors Social Sentiment ETF (BUZZ) seeks to track, as closely as possible, before fees and expenses, the price and yield performance of the BUZZ NextGen AI US Sentiment Leaders Index...