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.
Hey there, I believe your site may possibly be having browser compatibility troubles. When I seem at your web site in Safari, it seems fine but when opening in Internet Explorer, it has some overlapping. I just wished to give you a rapid heads up! Othe…
[…]Wonderful story, reckoned we could combine a few unrelated information, nonetheless definitely worth taking a look, whoa did one find out about Mid East has got more problerms also […]
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.
خرید اپل ایدی
Hey there, I believe your site may possibly be having browser compatibility troubles. When I seem at your web site in Safari, it seems fine but when opening in Internet Explorer, it has some overlapping. I just wished to give you a rapid heads up! Othe…
penis vibrator
[…]Here are a number of the sites we advocate for our visitors[…]
work from home jobs 2018
[…]usually posts some pretty intriguing stuff like this. If you are new to this site[…]
real sex dolls
[…]the time to study or go to the subject material or sites we have linked to beneath the[…]
beginner strap on
[…]Sites of interest we have a link to[…]
vibrating penis ring
[…]one of our guests just lately recommended the following website[…]
harmonica game
[…]Wonderful story, reckoned we could combine a few unrelated information, nonetheless definitely worth taking a look, whoa did one find out about Mid East has got more problerms also […]
Twitter Konto
[…]that could be the finish of this post. Here you will obtain some web-sites that we assume you will value, just click the hyperlinks over[…]
rhalyns store
[…]usually posts some quite intriguing stuff like this. If you are new to this site[…]
طراحی سایت ارزان
[…]Sites of interest we have a link to[…]
ราคา ผ้า
[…]Every once in a although we select blogs that we read. Listed beneath are the newest internet sites that we choose […]
Penis enhancer
[…]Every as soon as inside a although we opt for blogs that we read. Listed below would be the most up-to-date internet sites that we select […]
best sex lubricant
[…]usually posts some pretty fascinating stuff like this. If youre new to this site[…]
penis pump
[…]very few websites that happen to become comprehensive beneath, from our point of view are undoubtedly properly really worth checking out[…]
mp3 song
[…]below you will obtain the link to some web pages that we assume you should visit[…]