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Though the Global X Social Media ETF (SOCL) is only on day five of trading, it has seemingly...

Though the Global X Social Media ETF (SOCL) is only on day five of trading, it has seemingly already taken about a year's worth of criticism. Global X CEO Bruno del Ama defends one of the points of attack - the fund's high concentration of Chinese names - by noting China has 50% more Internet users than the U.S. and firms like Facebook, Twitter, and Zynga are set to be added to the fund after they go public. Shares now stand down 9% since the ETF's launch date.
Comments (1)
  • I would rather invest in the not overvalued little social media players with a high growth potential.

     

    One of them would be SocialGO
    SocialGO
    is very easy to use (drag and drop), a social website is created within minutes. Keeping full control over the content and thus stay in control over your privacy.
    SocialGO
    #2 social website creator is quoted at LSE and has a marketcap of less then 5 million GBP! Shareprice .01GBP.
    1 Dec 2011, 07:22 AM Reply Like
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