Investors can tap into the social media space through the broad Global X Social Media Index ETF (NasdaqGM: SOCL), which tracks the Solactive Social Media Total Return Index. SOCL’s portfolio includes 12.4% FB, 6.6% LNKD, 2.9% TWTR and 2.4% P.
Moreover, the social media ETF has a global reach with a 30.3% China weight, 12.8% Japan, 10.2% Russia, 1.3% Taiwan and 0.8% Germany. Among its top holdings, investors may be familiar with Tencent Holdings 12.1%, Yandex 6.9% and Mail.Ru Group 4.7%.
SOCL is up 1.7% over the past month but down 5.7% year-to-date. The ETF has been trading slightly above its long-term, 200-day simple moving average.[related_stories]
Global X Social Media Index ETF