“Continued increase in online discussion allows for a greater number of stocks for potential inclusion in the Index – all stocks that satisfy a minimum number of mentions are now included in the Index Universe,” according to Buzz Indexes.
The underlying index screens for multiple investments factors to select U.S. stocks that rank highest in terms of positive insight, including bullish investor perception, brand value perceptions and breadth of discussion from mentions on social media and other online media. The index would then end up with 75 stocks that exhibit the most positive insight scores and weighted by their insight score subject to a 3% maximum weight on a monthly basis.
Currently, BUZ’s top holdings include Nvidia 3.2%, Advanced Micro Devices 3.2%, Tesla Motors 3.2%, Valeant Pharmaceuticals 3.1% and Microsoft 3.1%. Top sector tilts include 27.9% technology, 24.5% health care, 17.3% consumer cyclical and 7.4% financial services.
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CORRECTION: Index update.