Facebook Tumbles Post Q4 Results: What's In Store For ETFs?

Global X Social Media Index ETF (SOCL - Free Report)

This is a pure-play ETF in the global social media space and has amassed $133.3 million in its asset base. It tracks the Solactive Social Media Total Return Index, holding 42 securities in the basket. Of these firms, Facebook takes the top spot, making up for 10.4% of assets. The ETF charges 0.65% in annual fees and sees moderate trading volumes of roughly 16,000 shares a day. The fund has a Zacks ETF Rank #3 with a High risk outlook.

MicroSectors FANG+ ETN (FNGS - Free Report)

This ETN is linked to the performance of the NYSE FANG+ Index, which is an equal dollar weighted index, designed to provide exposure to a group of highly-traded growth stocks of next-generation technology and tech-enabled companies. It holds 10 stocks in its basket in equal proportion with Facebook share coming in at 10%. The product has accumulated $35.4 million in its asset base within three months of debut and charges 58 bps in annual fees. It trades in a meager volume of 3,000 shares a day on average.

1 2 3
View single page >> |

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.