At a weight of 4.5%, Twitter is just behind Yandex (YNDX), the Google (GOOG) of Russia, in SOCL’s lineup. SOCL joins the Renaissance IPO ETF (IPO) as the first ETF’s to add Twitter to their respective lineups. [Twitter ETF Update]
Twitter is IPO’s tenth-largest holding, but its weight in that ETF is slightly more than half what it is in SOCL. [Twitter Enters IPO ETF as Top-10 Holding]
After surging almost 5% on Thursday, Twitter has a market value of $24.3 billion. That is more than Zynga (ZNGA), Yelp (YELP) and Groupon (GRPN), SOCL’s seventh- through ninth-largest holdings, combined.
Sina (SINA), the Twitter of China, is SOCL’s largest holding with a weight of 9.92%. SOCL has nearly $107 million in assets under management and is up 47.4% this year.
Global X Social Media Index ETF
ETF Trends editorial team contributed to this post.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.
- Social & Online Media