Another point in favor of PNQI and SOCL is international exposure. Both funds hold plenty of Chinese Internet names. The world’s second-largest economy is almost 28% of SOCL’s country weight. Internet stocks have been leaders among Chinese equities this year and that group has displayed little to no significant correlation to gyrations in the U.S. bond market.
Global X Social Media Index ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Google, Facebook and Amazon.