42 days ago • Posted by Charles-Henry Monchau
A New ETF Named BUZZ Wants to Ride the Reddit-Trading Revolution
The ETF is a revival of a former fund, the Sprott Buzz Social Media Insights ETF, which "fell out of orbit" in 2019, according to FT. It had averaged just $9 million in assets during its lifetime. That ETF drew from the Buzz NextGen AI US Sentiment Leaders Index, which the new VanEck product will also draw from. Despite this, the Buzz index outperformed the S&P 500 by about 10%.