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Meme ETFs Showing Some Life

Photo of a stock market graph.

As signs of peak inflation start to show, thematic and meme ETFs have started seeing life again. The Roundhill Meme ETF (MEME) has been up 24% since July, the VanEck Social Sentiment ETF (BUZZ) is up 17%, and the SoFi Social 50 ETF (SFYF) is up 16%.

ETF Newz Says:

These ETFs are often high beta, so it isn’t much of surprise they get a boost when the U.S. equity market does.