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

|About: Global X Social Media Ind... (SOCL)|By:, SA News Editor

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.