Last week, a new exchange-traded fund debuted, one which holds companies that receive bullish mentions on social media and other online networks. The CrowdInvest Wisdom ETF (NYSE: WIZE), which debuted Tuesday, refines that concept even further.
Holdings in the CrowdInvest Wisdom ETF are culled from the Crowd-Invest mobile app, which also launched yesterday. The aim of WIZE is to present investors with a portfolio of stocks that are receiving bullish mentions by users of the mobile app, not picks from portfolio managers.
“App users’ bullish or bearish views on stocks determine the selection and weighting of the 35 equities in the rules-based CROWDWIS. CROWDWIS outperformed the S&P 500 during its first year by 147 basis points (January 7, 2015–January 7, 2016). The index was down 0.56 percent for ...
/www.benzinga.com/trading-ideas/long-ideas/16/04/7888303/another-new-social-sentiment-etf alt=Another New Social Sentiment ETF>Full story available on Benzinga.com
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