TORONTO, April 19, 2016 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott”) is pleased to announced the launch of the Sprott BUZZ Social Media Insights Exchange Traded Fund (“ETF”) (NYSE: BUZ ), a new fund designed to deliver exposure to the BUZZ Social Media Insights Index (the “BUZZ Index”).
The BUZZ Index seeks to identify attractive U.S. stocks which rank highest in terms of bullish investor perception from insights derived from the social media collective. Each month, the BUZZ Index identifies the 100 most-mentioned stocks and ranks them using a proprietary analytics model, selecting the 25 stocks with the most bullish insight scores to be included in the Index.
“The Sprott BUZZ Social Media Insights ETF is the first ETF to use social media sentiment to identify potential investment opportunities,” said John Ciampaglia, Head of ETFs at Sprott. “This ETF brings together the powerful combination of social media and big data analytics. Not only does the BUZZ Index measure investor sentiment, it also identifies and ranks social media members who have historically been the most successful in their forecasting accuracy.”
“We are very excited to offer investors another industry first with the launch of the Sprott BUZZ Social Media Insights ETF,” added Mr. Ciampaglia. “This new ETF provides investors with access to an investment strategy that has been embraced by institutional money managers, within a convenient ETF.”
IMPORTANT DISCLOSURES AND DEFINITIONS:
An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information please contact your financial professional or call 1.855.215.1425. Read the prospectus carefully before investing.
Sprott Buzz Social Media Insights ETF shares are not individually redeemable. Investors buy and sell shares of the Sprott Buzz Social Media Insights ETF on a secondary market. Only market makers or “authorized participants” may trade directly with the Fund, typically in blocks of 50,000 shares.
The Fund is not suitable for all investors. There are risks involved with investing in ETFs including the loss of money. The Fund is considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund.
The fund is new and has limited operating history.
Diversification does not eliminate the risk of experiencing investment losses.
ETFs are considered to have continuous liquidity because they allow for an individual to trade throughout the day.
The ability to invest based on social media analytics is relatively new and untested. The Fund may invest a significant portion of its assets in securities issued by companies in the information technology sector in order to track the underlying indexes’ allocation to that sector. Funds that emphasize investment in small/mid cap companies will generally experience greater price volatility.
ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the Sprott Buzz Social Media Insights.
About Sprott Asset Management LP
Sprott Asset Management is a leading alternative asset manager headquartered in Toronto, Canada. The company manages the Sprott family of alternative investment strategies, exchange-listed products and discretionary managed accounts. Please visit www.sprott.com to learn more.
For more information, please visit www.SprottETFs.com
About ALPS Advisors Inc.
ALPS Advisors is a leading provider of innovative investment products that enable advisors and institutional investors to raise assets and construct high-performance portfolios. A subsidiary of DST Systems, Inc., Denver-based ALPS is a pioneer in developing core and specialty strategies within cost-effective structures that help investors and advisors build better portfolios. With a focus on non-traditional assets, ALPS’ products and techniques are designed to complement core holdings and provide unique access, diversification, and more opportunities to generate alpha. For more information on ALPS Advisors, visit alpsfunds.com .
About BUZZ Indexes Inc.
BUZZ Indexes creates and maintains proprietary quantitative portfolio strategies based on Big Data analytics models. Buzz employs state-of-the art Natural Language Processing Algorithms and Artificial Intelligence Frameworks to derive true and actionable investment insights from the Social Media data set. This revolutionary process can be used to create indices that can be licensed to product sponsors and serve as the basis of investment products such as exchange-traded funds. Please visit www.buzzindexes.com .
Source: Sprott Asset Management
Contact Information: John Ciampaglia, CFA Head of ETFs Sprott Asset Management LP T: 416.943.4991 or 888.362.7172 E: jciampaglia@sprott.com
