What’s the BUZZ? Get under the skin of an exciting new ETF

March 30, 2021

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The Exchange-Traded Fund (ETF) market, already one of the most exciting areas of investment manag...

The Exchange-Traded Fund (ETF) market, already one of the most exciting areas of investment management, just got a little bit more interesting. This March saw the launch of BUZZ, VanEck Vectors’ Social Sentiment ETF.

The aim of BUZZ is to track the performance of the BUZZ NextGen AI US Sentiment Leaders Index (BUZZTR). This index tracks the performance of the top 75 US stocks in terms of positive social media sentiment aggregated from social media, news articles, blog posts and other alternative datasets.

Given the capricious nature of social media sentiment, the BUZZ rebalances once a month, with the first rebalance having taken place on March 19.

John Lanaro, Global Head of ETFs at RIMES, commented: “The frequency with which BUZZ rebalances makes high-quality look-through data into the holdings of the fund a must-have for managers, and it also provides an interesting snapshot of what’s going on in the US economy. The latest rebalance, for instance, saw stocks from the aviation, oil and retail industries enter the fund, perhaps reflecting public sentiment that the economy is restarting and these sectors are due to pick up.”

buzz performance bar chart

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“It remains to be seen how the fund performs over the long-term, but it really is a great example of some of the innovative approaches being taken by the industry today. RIMES can support firms looking to join the ETF boom by providing ETF holdings data and fund level information. We can also provide ETF to index linkage for decomposition transparency, insights and interaction.”

Contact RIMES to find out how we can help you streamline ETF data capture, eliminate costly internal processes and enable daily exposure insight, aggregation and reporting.

The content provided in these articles is intended solely for general information purposes, and is provided with the understanding that the authors and publishers are not herein engaged in rendering regulatory or other professional advice or services. Consequently, any use of this information should be done only in consultation with qualified legal counsel. The information in these articles was posted with reasonable care and attention. However, it is possible that some information in these articles is incomplete, incorrect, or inapplicable to particular circumstances or conditions. We do not accept liability for direct or indirect losses resulting from using, relying or acting upon information in these articles.


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