ETFs Still ‘Friending’ Facebook

By
ETF.com Staff
May 24, 2012
Share:

Related ETFs

Ticker Fund name
FPXFirst Trust US IPO
SOCLGlobal X Social Media
Related ETF Lists
Alpha-Seeking ETFs, Global ETFs

The hype over Facebook may have died out after its less-than-stellar performance over the past few days, but these two ETFs are expected to have the social media giant included in their holdings within the next few days, according to an article on Fox Business.

The Global X Social Media ETF (NYSEArca: SOCL) and the First Trust US IPO Index Fund (NYSEArca: FPX) are two funds that will be the first to provide exposure to Facebook through. SOCL and FPX should have integrated Facebook into their respective portfolios by the end of the month, the article said.

Despite its sluggish start, Facebook moved over 80 million shares in its first 30 seconds – setting a new record for IPOs – and may turn into a great investment opportunity down the road, reports Fox.

For the full story, visit FoxBusiness.com.

ETF.COM CHANNELS

Want to learn more about smart-beta ETFs? Check out our smart-beta guide, essentials library and ETF screener!

ETF DAILY DATA

'VTI,' Vanguard's U.S. total market fund, led inflows on Wednesday, July 1, as total U.S.-listed ETF assets climbed to $2.123 trillion.

A slew of iShares funds paced the firm's issuer-leading inflows on Wednesday, July 1, as total U.S.-listed ETF assets rose to $2.123 trillion.

ETF.COM ANALYST BLOGS

By Drew Voros

Why is putting a client’s interest first not the industry standard?

By Matt Hougan

Contrarian plays, bad investing and authenticity in social media dominated the day.

By Dave Nadig

While they bring added risk, they can bring added returns.

By Olly Ludwig

The ETF world is a hotbed of interesting new ideas, as this week’s launches make clear.

ETF INDUSTRY PERSPECTIVE

By Invesco PowerShares

Smart beta appears to be poised for further growth.

By Dorsey Wright & Associates LLC

So many sectors, how do you choose? A quick guide from Dorsey Wright.

By Nasdaq Global Indexes

Bond exposure or bond performance? Only defined maturity indexes provide the latter.