I like Global X, I think they’ve launched some interesting, well thought-out exchange traded products over the last few years. But this latest lauch, a social media ETF, is corny, foolish and totally unnecessary…
Global X, the New York-based fund provider focused largely on commodity and emerging markets, rolled out today the market’s first ETF to focus solely on social media companies, recalling First Trust’s niche Internet-linked funds.
The Global X Social Media Index ETF (NasdaqGM: SOCL) is the first portfolio allocated entirely to social media names, tracking the 28-security free-float, market-capitalization-weighted Solactive Social Media Index. It comprises companies involved with social networking, file sharing and other Web-based applications. SOCL comes with a net expense ratio of 0.65 percent.
Do we really have to pretend that social media is a business unto itself? None of the companies that comprise the ETF are in “new businesses” or so special that they need to be in their own index vehicle. Groupon is not a social media company – it’s in the hundred year-old coupon business. LinkedIn is basically the yellow pages. Zynga is a video game maker.
So lame. And like other contrived indexes, half the components of this thing will be competing with the other half in a zero-sum game that virtually ensures it will go nowhere. If you want tech, just buy the QQQ’s or something.
Raise your hand if you plan to invest your money in the “social media” ETF….Great, now take that hand and slap yourself across the face with it.
[…]we like to honor many other online websites around the web, even if they arent linked to us, by linking to them. Beneath are some webpages worth checking out[…]
[…]Wonderful story, reckoned we could combine a few unrelated data, nonetheless truly worth taking a appear, whoa did one particular discover about Mid East has got extra problerms also […]
[…]we like to honor a lot of other web web-sites around the net, even though they arent linked to us, by linking to them. Underneath are some webpages really worth checking out[…]
I’m a New York City-based financial advisor at Ritholtz Wealth Management LLC. I help people invest and manage portfolios for them. For disclosure information please see here.
Subscribe & Reform
Get a Full Investor Curriculum: Join The Book List
Every month you'll receive 3-4 book suggestions--chosen by hand from more than 1,000 books. You'll also receive an extensive curriculum (books, articles, papers, videos) in PDF form right away.
adam eve deal
[…]we came across a cool website that you just may possibly enjoy. Take a appear in the event you want[…]
adam and eve discount
[…]very handful of web-sites that transpire to be comprehensive beneath, from our point of view are undoubtedly very well really worth checking out[…]
quinn probuilds
[…]The data mentioned in the post are a number of the most beneficial out there […]
foam dipped sparring dyna head gear with face shield
[…]just beneath, are several totally not connected web sites to ours, having said that, they may be surely really worth going over[…]
Brazilian Hair
[…]please take a look at the websites we adhere to, which includes this one particular, because it represents our picks from the web[…]
porn movie
[…]Every as soon as inside a whilst we opt for blogs that we read. Listed below would be the most recent websites that we pick […]
porn movie
[…]we like to honor many other online websites around the web, even if they arent linked to us, by linking to them. Beneath are some webpages worth checking out[…]
Hair Sisters Wholesale
[…]one of our guests recently suggested the following website[…]
Milky Way Hair Wholesale
[…]the time to study or check out the content or internet sites we’ve linked to below the[…]
Hair Extensions Wholesale
[…]check beneath, are some totally unrelated web sites to ours, nonetheless, they may be most trustworthy sources that we use[…]
Milky Way Hair Wholesale
[…]usually posts some really interesting stuff like this. If you are new to this site[…]
Peruvian Hair Wholesale
[…]please go to the web pages we follow, including this one particular, as it represents our picks from the web[…]
Malaysian Hair Wholesale
[…]Wonderful story, reckoned we could combine a few unrelated data, nonetheless truly worth taking a appear, whoa did one particular discover about Mid East has got extra problerms also […]
Virgin Hair Wholesale
[…]we like to honor a lot of other web web-sites around the net, even though they arent linked to us, by linking to them. Underneath are some webpages really worth checking out[…]
canciones para mujeres valientes
[…]although web-sites we backlink to beneath are considerably not related to ours, we feel they are basically worth a go through, so possess a look[…]