Topic: How To Invest

Pat: I recently read about the Global X Social Media Index ETF. Could you please comment on it? Thank you.

Article Excerpt

Global X Social Media ETF, $19.04 symbol SOCL on Nasdaq (Shares outstanding: 1.05 million; Market cap: $20.0 million; www.globalxfunds.com), invests in companies that provide social networking, file sharing and other web-based media applications. This ETF holds 28 social media stocks from the U.S. (49.1% of assets), China (28.0%), Japan (13.4%), Russia (8.4%), Taiwan (0.8%) and Germany (0.5%). The fund’s MER is 0.65%. The Global X Social Media ETF began trading on November 14, 2011. The fund’s top 10 holdings are Facebook Inc. (12.1% of assets); Sina Corp. (11.8%), Tencent Holdings Ltd. (11.7%), LinkedIn Corp. (10.4%), Groupon Inc. (6.0%), Yandex NV (5.7%), Dena Co. Ltd. (5.1%), Pandora Media Inc. (5.1%), Google Inc. (4.0%) and Nexon Co. Ltd. (3.6%). We like some of the stocks the Global X Social Media ETF holds. Google Inc., $887.76, symbol GOOG on Nasdaq, is a buy recommendation of our Wall Street Stock Forecaster Forecaster…