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  • Trends with Benefits

    Trends with Benefits #46: Social Sentiment with Jamie Wise

    Ed Lopez, Head of ETF Product
    February 26, 2021
     

    In this episode I welcome Jamie Wise, CEO of Periscope Capital and Founder of Buzz Holdings to discuss using social sentiment as an investment strategy.


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    Collective Conviction

    Online platforms like Twitter, Reddit, Stocktwits and others have become destinations for people to share opinions and perceptions about stocks and investments. Every day there are millions of messages posted from people of different backgrounds and at different locations. Individuals with different experiences and perceptions help enhance the diversity of discussions and can be a rich source of information for prospective investors.

    This type of information has in fact become an alternative data set. Professional investors like hedge funds, seeking a performance edge, have started scouring the data with sophisticated technologies like artificial intelligence and natural language processing to help sift through millions of posts to assess the broad consensus about a stock, the collective conviction.

    Jamie is a hedge fund guy. He described the research work his team undertook that led to the creation of the BUZZ NextGen AI US Sentiment Leaders Index in 2015. We chatted about how his index measures social sentiment, the style of investing such a strategy exhibits and the potential for sentiment to pick up not only on popular themes, but also to potentially identify contrarian or turn-around ideas.

    Of course, a discussion about social sentiment and the power of individual investors in early 2021 wouldn’t be complete without a discussion about Reddit and GameStop. Jamie shares his thoughts about what this event demonstrated to the broader investment community.

    Trend or Fad

    Listen for Jamie’s take on Virtual conferences, mirco influencers, thematic investing, and shareable e-scooters.

    Follow Ed Lopez @thatEdLopez on Twitter and Jamie @jamiewise27 on Twitter.

    You can listen and subscribe to this podcast on Apple PodcastsSpotifyStitcherSoundCloud, and YouTube.

    IMPORTANT DISCLOSURES

    Please note that VanEck may offer investments products that invest in the asset class(es) or industries included in this podcast.

    The views and opinions expressed are those of the speaker(s) but not necessarily those of VanEck. Commentaries are general in nature and should not be construed as investment advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. Any discussion of specific securities/financial instruments mentioned in the commentary is neither an offer to sell nor a solicitation to buy these securities. Fund holdings will vary. All indices mentioned are measures of common market sectors and performance. It is not possible to invest directly in an index. Information on holdings, performance and indices can be found at vaneck.com.

    All investing is subject to risk, including the possible loss of the money you invest.  As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money.  Diversification does not ensure a profit or protect against a loss in a declining market.  Past performance is no guarantee of future performance.

    Van Eck Associates Corporation

  • Authored by

    Ed Lopez
    Head of ETF Product

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