FOX Interview: Tom Lydon Says Facebook to Join These ETFs

May 24th at 2:17pm by John Spence

Despite the controversial Facebook (NasdaqGS: FB) IPO, the social networking company “is not going away,” said ETFtrends editor Tom Lydon in a FOX Business interview Thursday. [Social Media ETF Down on Facebook IPO]

Tom pointed out that Facebook will soon be placed in major indices, and some specialized ETFs are poised to add Facebook to their portfolios. These niche ETFs include Global X Social Media (NYSEArca: SOCL) and First Trust US IPO (NYSEArca: FPX). [Facebook: Which ETFs Will Like It?]

He also touched on safe-haven currency ETF moves in the wake of the Eurozone’s ongoing problems. [Safe-Haven Currency ETFs Shine in Euro Crisis]

Watch the FOX Business video to see the full interview.

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