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 world wide web websites around the net, even though they arent linked to us, by linking to them. Under are some webpages worth checking out[…]
[…]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless definitely worth taking a look, whoa did one study about Mid East has got additional problerms at the same time […]
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.
…Additional Information ca be found here
[…]The entire glance of your web site is wonderful, let well as the content![…]
…A Friend recommended your blog
[…]you make blogging glance[…]
…Click here for or more Information
[…]The entire glance of your site is wonderful, let smartly as the content![…]
…Click here for or more Information
[…]you make blogging glance[…]
…For further Information click here
[…]Wow, fantastic weblog structure! How lengthy have you ever been running a blog for?[…]
…Trackback: More Informations on that topic
[…]you make blogging glance[…]
sex enhancer
[…]we prefer to honor quite a few other world wide web websites around the net, even though they arent linked to us, by linking to them. Under are some webpages worth checking out[…]
Norfolk Jackets
[…]very handful of internet sites that occur to be in depth below, from our point of view are undoubtedly nicely really worth checking out[…]
sex toys whips
[…]always a huge fan of linking to bloggers that I appreciate but really don’t get a good deal of link adore from[…]
onetime penis ring
[…]below you will obtain the link to some internet sites that we consider you ought to visit[…]
magic wand massager
[…]just beneath, are numerous completely not related web sites to ours, on the other hand, they’re surely really worth going over[…]
Morgellons Cure
[…]Every the moment in a while we pick blogs that we study. Listed beneath would be the most recent websites that we select […]
stimulating lube
[…]usually posts some very intriguing stuff like this. If youre new to this site[…]
g spot stimulation
[…]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless definitely worth taking a look, whoa did one study about Mid East has got additional problerms at the same time […]
apartamenti varna levski
[…]one of our visitors just lately suggested the following website[…]