An exchange-traded fund that offers investors exposure to meme assets, and all the trending investments that social media has to offer, is making its debut on Wall Street.
“FOMO can shift exposure to whatever happens to be trending at the time,” Matthew Tuttle, the fund’s creator and Tuttle Capital CEO, said in a statement. “It rebalances weekly so it can stay in harmony with market trends, and it weights holdings appropriately.” “The Covid lockdowns have energized the retail investor to look beyond traditional market-cap weighted index investments into the thematic space,” Tuttle said.
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