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.
[…]Wonderful story, reckoned we could combine a handful of unrelated data, nevertheless seriously really worth taking a appear, whoa did one particular master about Mid East has got more problerms too […]
[…]that will be the finish of this article. Right here you will come across some web sites that we feel youll enjoy, just click the hyperlinks over[…]
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.
More Bonuses
[…]just beneath, are quite a few completely not associated internet sites to ours, on the other hand, they are surely really worth going over[…]
Arduino electronics
[…]that is the end of this post. Right here you will find some web-sites that we feel you will enjoy, just click the hyperlinks over[…]
free download for windows 7
[…]we came across a cool web page that you just might enjoy. Take a look if you want[…]
full apps pc download
[…]please visit the sites we adhere to, including this a single, because it represents our picks from the web[…]
travel guide to japan
[…]check below, are some entirely unrelated sites to ours, however, they’re most trustworthy sources that we use[…]
eat drink travel bangkok
[…]check below, are some absolutely unrelated web sites to ours, having said that, they’re most trustworthy sources that we use[…]
traveling c.o.w
[…]one of our visitors just lately recommended the following website[…]
福井脱毛
[…]Wonderful story, reckoned we could combine a handful of unrelated data, nevertheless seriously really worth taking a appear, whoa did one particular master about Mid East has got more problerms too […]
福井脱毛
[…]usually posts some really interesting stuff like this. If you are new to this site[…]
business travel policy template
[…]Here are some of the web sites we suggest for our visitors[…]
福井脱毛
[…]that will be the finish of this article. Right here you will come across some web sites that we feel youll enjoy, just click the hyperlinks over[…]
福井脱毛
[…]usually posts some incredibly fascinating stuff like this. If you are new to this site[…]
traveling around the world after college
[…]Sites of interest we’ve a link to[…]
China Import Consulting
[…]Here is a good Weblog You may Uncover Exciting that we Encourage You[…]
福井脱毛
[…]Every once in a though we opt for blogs that we read. Listed beneath are the most current web-sites that we choose […]