Barstool’s Dave Portnoy promotes Van Eck's new BUZZ ETF

Mar. 02, 2021 11:51 AM ETS&P 500 Futures (SPX), ARKK, XLK, BOTZBZFD, ARKK, XLK, BOTZBy: Jason Capul, SA News Editor38 Comments
  • VanEck plans to launch a new ETF Thursday that aims to track the BUZZ NextGen AI US Sentiment Leaders Index, a measure of stocks that are generating "buzz" on traditional and social media.
  • The new Vectors Social Sentiment ETF (BUZZ) will trade on the New York Stock Exchange. The ETF is getting a big push from Barstool Sports' "El Presidente" Dave Portnoy, who's been a major stock-market influencer on social media.
  • Portnoy is involved with both the index and the ETF, touting it Tuesday in an announcement and video "emergency press conference" posted on BarstoolSports.com.
  • Portnoy wrote that "as always I must remind you I am not a financial advisor. Don’t trust anything I say about stocks. Having said that I think you’d be stupid not to invest. But what do I know? I’ve only been right for 20 years straight."
  • The BUZZ NextGen AI US Sentiment Leaders Index consists of 75 large-cap U.S. stocks that show the most positive investor sentiment in the media.
  • Stocks are selected and scored for the index using artificial-intelligence tools like machine learning and natural language processing algorithms, which analyze social media, news and blogs.
  • The BUZZ index's current holdings Twitter, DraftKings, Ford Motor Co., Facebook, Amazon and Apple. See full holdings list.
  • The BUZZ index has beaten the S&P 500 across a wide range of time periods, from month-to-date to five-year gains. For instance, the index has had three-year annualized returns of 32.38%. Additionally, it has seen a 89.43% one-year return. And year to date, the BUZZ index is up 17.96%:

  • The BUZZ ETF aims to blend innovation with AI to create a new type of exchange traded fund.
  • There are already innovation-based funds that believe in artificial intelligence, such as Cathie Wood's ARK Innovation ETF (NYSEARCA:ARKK).
  • There are also massive technology ETFs and AI ETFs, such as Technology Select Sector SPDR ETF (NYSEARCA:XLK) and Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ).
  • But the BUZZ ETF aims to combine both trends into one fund.

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