eToro launches SocialSentiment portfolio, offering traders access to ESG firms - TopForex.Trade

eToro launches SocialSentiment portfolio, offering traders access to ESG firms

eToro, the Israeli social trading network, has announced the launch of a new social sentiment portfolio called SocialSentiment, which offers retail traders access to US-listed companies known for their ESG activism.

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eToro launches SocialSentiment portfolio, offering traders access to ESG firms

eToro, an international multi-asset online trading network, is launching a new social sentiment portfolio called SocialSentiment, which gives traders access to US-listed companies known for their ESG activism.

98
Min. deposit
-
Min. Spread
0.5
Bonus
Max. leverage
1:30
Used by
30000000+
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Trustly, iDEAL, Rapid, Klarna, Wire
Regulated by
FCA
CySEC
ASIC
98
Min. deposit
-
Max. leverage
1:30
Bonus
Used by
30000000+
Min. Spread
0.5
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Trustly, iDEAL, Rapid, Klarna, Wire
Regulated by
FCA
CySEC
ASIC

According to the post, the social sentiment portfolio was created in conjunction with Sentifi, an AI-powered data engine that analyzes more than 2 million news stories and 500 million tweets per day to collect up-to-date trading signals.

Sentifi collects data on a wide variety of instruments including currencies, commodities, indices, stocks, and funds. When creating SocialSentiment portfolios, the engine analyzes the market sentiment associated with a particular asset, assigning it a “sentScore”. As a result, this allowed us to create a portfolio that tracks companies with a positive social rating.

 

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eToro’s head of investment notes that the company has been an innovator in the field of social investing and has made it possible for people around the world to increase their wealth through social networks, and through SocialSentiment, the broker will be able to offer traders access to stocks that are discussed in a positive light.

The monthly rebalancing portfolio contains the top 10 S&P 500 stocks that meet social sentiment and ESG criteria, ordered by their lowest risk versus attention-weighted sentiment score. However, the portfolio is not currently available to US investors.

The portfolio currently includes Verisign, Teradyne, Dollar Tree, Alistate, and F5 Networks.

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