Facebook (NasdaqGM: FB) has also been a drag on SOCL this week. Shares of the social media giant are off nearly 5% over the past week, bad news for an ETF that allocates 9.4%.
It is a good thing for SOCL that China’s Tencent (OTC: TCEHY) has not caught the same cold as its American counterparts. Fortunately for SOCL, Tencent, the ETF’s largest holding with a weight of almost 13%, is up 8.4% over the past week.
Global X Social Media Index ETF
