ETF Daily News
ETFs Still ‘Friending’ Facebook
May 24, 2012
The hype over Facebook may have died out after its less-than-stellar performance over the past few days, but these two ETFs are expected to have the social media giant included in their holdings within the next few days, according to an article on Fox Business.
The Global X Social Media ETF (NYSEArca: SOCL) and the First Trust US IPO Index Fund (NYSEArca: FPX) are two funds that will be the first to provide exposure to Facebook through. SOCL and FPX should have integrated Facebook into their respective portfolios by the end of the month, the article said.
Despite its sluggish start, Facebook moved over 80 million shares in its first 30 seconds – setting a new record for IPOs – and may turn into a great investment opportunity down the road, reports Fox.
For the full story, visit FoxBusiness.com.