BUZZ ADDS DAVE PORTNOY TO ITS OWNERSHIP GROUP; FLAGSHIP INDEX FEATURED IN A NEW ETF
BUZZ Holdings has partnered with investor Dave Portnoy to enhance its BUZZ NextGen AI US Sentiment Leaders Index, which analyzes over 15 million online posts monthly to gauge stock sentiment. The index, licensed to the VanEck Vectors Social Sentiment ETF (NYSE: BUZZ), begins trading on March 4, 2021. With a history of outperforming the S&P 500, including a 2020 return of 58.65% versus 18.40% for the index, BUZZ aims to leverage retail investor sentiment to reshape market dynamics.
- BUZZ has outperformed the S&P 500 in 4 out of 5 years since its inception.
- In 2020, the BUZZ Index achieved a total return of 58.65%, exceeding the S&P 500 by over 40 percentage points.
- The partnership with Dave Portnoy adds credibility and visibility to BUZZ.
- None.
Innovative Index cuts through the noise of millions of online posts to identify stocks with strong collective conviction
New York City, USA, March 03, 2021 (GLOBE NEWSWIRE) -- It’s a new era of investing. Platforms like Twitter, Reddit, StockTwits and dozens of others, have become online destinations for a wide variety of people to share opinions and perceptions about stocks and investments. What people are saying about stocks matters more than ever. That’s why prominent investor and celebrity, Dave Portnoy, has signed on as a partner of BUZZ Holdings ULC. The company’s flagship BUZZ NextGen AI US Sentiment Leaders IndexTM (“BUZZ”) has been exclusively licensed for use within the VanEck Vectors Social Sentiment ETF (NYSE: BUZZ), which begins trading on March 4th, 2021.
BUZZ uses analytics models which feature Artificial Intelligence and Natural Language Processing technologies to scan over 15 million stock-specific online posts a month. The models measure whether investor sentiment is positive, negative, or neutral on a collective basis. BUZZ then ranks each stock based on the degree of positive sentiment and breadth of the discussion. Each month, the 75 stocks with the highest scores are featured in the BUZZ Index and weighted according to their rank.
“This is all about the power of the retail investor fundamentally changing the balance of the market.” says Portnoy. “BUZZ recognized this shift early on - if you're not adapting… you're dying.”
President and CEO, Jamie Wise explains, “We’ve long believed in the individual investor and in the insights of the community’s collective conviction. BUZZ was the first to use a data-driven approach to measuring investor sentiment at the individual security level. With a five-year track record of outperformance, BUZZ is the proven benchmark of broad investor sentiment across large cap US equities.”
BUZZ launched in December 2015 and has outperformed the S&P 500 in 4 out of 5 calendar years and over multiple trailing periods since its inception. In 2020, the Index outperformed the S&P 500 by over 40 percentage points with a total return of
“I believe in what we’re doing. It takes a lot for me to put my reputation on the line, and I am doing it for BUZZ because this is brilliant. And it works.” - Dave Portnoy
1 BUZZ is licensed to the VanEck Vectors Social Sentiment ETF (BUZZ)
About BUZZ
BUZZ creates and maintains quantitative portfolio strategies based on proprietary analytics models. Buzz utilizes models which incorporate state of the art Natural Language Processing algorithms and Artificial Intelligence applications to derive actionable investment insights from alternative datasets including online social content. Their revolutionary process is used to create indices that can be licensed to product sponsors and serve as the basis of investment products such as exchange-traded funds. Learn more at investwithbuzz.com
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