5 High-Flying 2013 Niche ETF Sectors

December 26, 2013

3. SOCL is up 68.2 percent year-to-date

A couple of Internet-focused ETFs, such as the PowerShares Nasdaq Internet Portfolio (PNQI | B-72) and the Global X Social Media ETF (SOCL | C-20) have ridden market highs in 2013. PNQI and SOCL both make Facebook their top holding.

Since the beginning of the year, Facebook’s shares have more than doubled, helped by the surging S&P 500 and Facebook’s growing mobile-device penetration.

The company posted $2 billion in revenue in the third quarter, blowing away analysts’ estimates of $1.91 billion. The firm attributed its growth to its $1.80 billion revenue from advertising, a 66 percent increase from the same quarter last year. It also reported that mobile advertising revenue represented approximately 49 percent of advertising revenue for the third quarter of 2013.

In turn, PNQI and SOCL are up 68.0 percent and 68.2 percent, respectively.

3_PNQI_Vs._SOCL_YTD_Performance

 

 

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