‘Meme stocks’ go mainstream: There’s now a fund for that
NEW YORK (AP) — Interested in trading some of the stocks that have rocked Wall Street recently fueled by social media buzz? Has the craziness of the comments talking up the so-called meme stocks on Reddit and other sites kept you away? Well, the financial industry has something for you. On Thursday, investment firm VanEck expects to list an exchange-traded fund called VanEck Vectors Social Sentiment ETF under the ticker symbol “BUZZ.” The fund will track an index of stocks getting mentioned often on social media, news articles and online discussion forums. But the fund doesn’t include GameStop, the poster child of the social-media investing phenomenon.