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 several other web websites on the net, even though they arent linked to us, by linking to them. Under are some webpages really worth checking out[…]
[…]Wonderful story, reckoned we could combine several unrelated information, nevertheless seriously really worth taking a search, whoa did 1 find out about Mid East has got extra problerms too […]
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.
sex blindfold
[…]one of our guests recently proposed the following website[…]
wet wabbit review
[…]that could be the end of this report. Here you will locate some web sites that we feel youll appreciate, just click the links over[…]
rabbit vibrator
[…]The information and facts mentioned inside the write-up are several of the ideal readily available […]
top-rated vibrators
[…]the time to study or take a look at the content material or web-sites we have linked to below the[…]
best buttplugs
[…]Sites of interest we have a link to[…]
Buy Phentermine Without Prescription
[…]Here are a few of the internet sites we suggest for our visitors[…]
porn
[…]Sites of interest we have a link to[…]
data recovery
[…]check below, are some absolutely unrelated web-sites to ours, nonetheless, they are most trustworthy sources that we use[…]
adam and eve
[…]we like to honor several other web websites on the net, even though they arent linked to us, by linking to them. Under are some webpages really worth checking out[…]
adam and eve sex toy shop
[…]the time to read or check out the material or web pages we’ve linked to beneath the[…]
Grinders
[…]that would be the finish of this post. Right here you will obtain some web-sites that we consider you will value, just click the hyperlinks over[…]
adam and eve
[…]check beneath, are some entirely unrelated web sites to ours, having said that, they are most trustworthy sources that we use[…]
Phentermine 37.5
[…]Wonderful story, reckoned we could combine several unrelated information, nevertheless seriously really worth taking a search, whoa did 1 find out about Mid East has got extra problerms too […]
Cheap Kids Minnesota Timberwolves Jerseys
[…]we came across a cool website that you just may possibly appreciate. Take a look for those who want[…]
韓国エスコートアガシ
[…]Here are some of the web sites we recommend for our visitors[…]