New ‘FOMO’ ETF Seeks To Capitalize On Market Volatility

A new exchange traded fund (ETF) called ‘FOMO’ for “fear of missing out” aims to help investors chase stock market rallies and capitalize on volatility.
A filing this week with the U.S. Securities and Exchange Commission (SEC) seeks to create the FOMO ETF that is named for the famous acronym that has been associated with numerous stock market bubbles and manias.
The ETF from the Collaborative Investment Series Trust intends to invest in “securities that reflect current or emerging trends,” according to a registration statement. The fund, advised by Connecticut-based Tuttle Tactical Management LLC, will select its holdings based on a “proprietary tactical model.”
Actively managed FOMO will target everything from stocks across both developed and emerging markets to SPACs, other ETFs, derivatives, volatility products and both leveraged and inverse funds. The filing notes that its tactical approach and frequent trading may result in a “high portfolio turnover rate.”
If it successfully comes to market, FOMO will be the latest in a series of ETFs that aim to appeal to investors’ risk appetite. The VanEck Vectors Social Sentiment ETF (ticker symbol: BUZZ), which buys the stocks most loved by investors, had one of the strongest stock market debuts on record last week after it was promoted by Barstool Sports founder Dave Portnoy.