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 prefer to honor quite a few other web internet sites around the net, even when they arent linked to us, by linking to them. Under are some webpages worth checking out.
[…]although web-sites we backlink to beneath are considerably not related to ours, we really feel they are truly worth a go as a result of, so possess a look[…]
[…]we like to honor quite a few other world-wide-web web pages around the web, even though they arent linked to us, by linking to them. Underneath are some webpages worth checking out[…]
[…]we prefer to honor lots of other internet web sites around the internet, even if they arent linked to us, by linking to them. Under are some webpages worth checking out[…]
Clasificados Online para El Transportista Si Somos los números 1 ¿Compra o Vende? Camiones, Camionetas, Volteos, Trailers – Trabajos para el Transportista
[…]we like to honor quite a few other net internet sites on the web, even if they arent linked to us, by linking to them. Underneath are some webpages 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.
Google
We prefer to honor quite a few other web internet sites around the net, even when they arent linked to us, by linking to them. Under are some webpages worth checking out.
photographer
[…]The information and facts talked about within the post are several of the most beneficial obtainable […]
i’m sick home remedies
[…]although web-sites we backlink to beneath are considerably not related to ours, we really feel they are truly worth a go as a result of, so possess a look[…]
forex signal list pro
[…]usually posts some quite exciting stuff like this. If youre new to this site[…]
Advertise Online
[…]usually posts some extremely intriguing stuff like this. If you are new to this site[…]
gaming keyboard
[…]we like to honor quite a few other world-wide-web web pages around the web, even though they arent linked to us, by linking to them. Underneath are some webpages worth checking out[…]
buy youtube views usa
[…]Sites of interest we’ve a link to[…]
camere spion
[…]please go to the web sites we stick to, which includes this one particular, as it represents our picks from the web[…]
persian tar
[…]we prefer to honor lots of other internet web sites around the internet, even if they arent linked to us, by linking to them. Under are some webpages worth checking out[…]
70-646 Certification Exam Questions and Answers
[…]that is the finish of this report. Here you will discover some sites that we feel you will value, just click the hyperlinks over[…]
clasificados one line
Clasificados Online para El Transportista Si Somos los números 1 ¿Compra o Vende? Camiones, Camionetas, Volteos, Trailers – Trabajos para el Transportista
pc games free download for windows 8
[…]we like to honor quite a few other net internet sites on the web, even if they arent linked to us, by linking to them. Underneath are some webpages worth checking out[…]
smm panel
[…]usually posts some really exciting stuff like this. If you are new to this site[…]
rabbit vibrator
[…]Here is a good Weblog You might Find Intriguing that we Encourage You[…]
vibrator rabbit
[…]Here is a great Blog You may Find Interesting that we Encourage You[…]