JPMorgan Chase & Co. is testing a product to guard big-ticket clients from losses linked to the meme stock phenomenon that has captivated Wall Street this year. Around 30 asset managers and quant fund managers have been trying out the ‘through the retail lens’ product since September, the bank said.
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The screening tool is a dataset on U.S. retail investor trends sold to institutional clients. It provides predicted retail flows, significant buy or sell signals on single stocks, negative or positive sentiment based on the bank’s internal data and scouring of social media forums, such as Reddit or Twitter.
The full article is available at https://www.bloomberg.com/news/articles/2021-12-09/jpmorgan-offers-hedge-funds-a-way-to-dodge-meme-stock-shocks