almost 3 years ago • 1 min
Been feeling the FOMO lately? When stocks like GameStop (charted above) go nuts out of the blue it can certainly fuel a financial fear of missing out.
But now a new exchange traded fund (ETF) from Collaborative Investment Series Trust is hopping on the bandwagon by nabbing the FOMO ticker for a fund focusing on “current or emerging trends”.
The actively managed ETF isn’t yet live, but documentation filed with US regulators this week says it plans to buy shares from any part of the world, along with ETFs tracking the stock, bond, and volatility markets. So… pretty much anything then.
FOMO is the latest ETF to get attention for its choice of ticker. Last week, the VanEck Vectors Social Sentiment ETF launched with the ticker BUZZ and the goal of tracking “stocks which exhibit the highest degree of positive investor sentiment and bullish perception based on content aggregated from online sources”.
For some, a boom in amusingly-named funds is just another sign of market exuberance. After all, the AdvisorShares Pure Cannabis ETF – with the hilarious ticker YOLO – launched in April 2019 – just as that boom in weed stocks ended. It tumbled by a cool 75% over the next year, and only recouped those losses last month. Sometimes, perhaps, it’s better to miss out...
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