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Global X Launches Social Media ETF (SOCL)

By: ETFdb
Global X became the latest issuer to offer an ETF targeting a segment of the global technology industry this week, rolling out the first ETF to specifically target the social media industry. The new Global X Social Media Index ETF (SOCL) will seek to replicate the Solactive Social Media Index, a benchmark that includes companies engaged in various aspects of the rapidly-expanding social media industry. Currently, the underlying index consists of about 25 stocks, including firms that provide social networking, file sharing, and other web-based media applications. The portfolio includes some of the firms that have recently completed IPOs, as well as more established companies in the social media space. It is, of course, no secret that usage of social media has jumped in recent years. A recent survey conducted by the Pew Research Center indicates that about 65% of adult Internet users said they use a social networking site, [...] Click here to read the original article on ETFdb.com. Related Posts: UBS Debuts Solid State Drive ETNs UBS Rolls Out Leveraged Cloud Computing ETN (LSKY) September ETF Roundup: Launches, Filings, and Closures ETF Insider: A Week In The Green Up In The Clouds: First Cloud Computing ETF Debuts
Global X became the latest issuer to offer an ETF targeting a segment of the global technology industry this week, rolling out the first ETF to specifically target the social media industry. The new Global X Social Media Index ETF (SOCL) will seek to replicate the Solactive Social Media Index, a benchmark that includes companies engaged in various aspects of the rapidly-expanding social media industry. Currently, the underlying index consists of about 25 stocks, including firms that provide social networking, file sharing, and other web-based media applications. The portfolio includes some of the firms that have recently completed IPOs, as well as more established companies in the social media space. It is, of course, no secret that usage of social media has jumped in recent years. A recent survey conducted by the Pew Research Center indicates that about 65% of adult Internet users said they use a social networking site, [...]

Click here to read the original article on ETFdb.com.

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