Wisdom of the crowd picks stocks for a new ETF

CrowdInvest Wisdom ETF claims to be the market's first crowd-sentiment weighted ETF. Based on an index of US companies, sentiment is sourced via an app where users swipe whether they are bullish or bearish on the stocks or sectors in order to create a portfolio of the 35 most popular stocks. CrowdInvest CEO Annie Wyatt said the firm tracked the app in 2015 and found it outperformed the S&P 500 by 1.47% before launching in April 2016.

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