Despite the controversial Facebook (FB - News) IPO, the social networking company “is not going away,” said ETFtrends editor Tom Lydon in a FOX Business interview Thursday. [Social Media ETF Down on Facebook IPO]
Tom pointed out that Facebook will soon be placed in major indices, and some specialized ETFs are poised to add Facebook to their portfolios. These niche ETFs include Global X Social Media (SOCL - News) and First Trust US IPO (FPX - News). [Facebook: Which ETFs Will Like It?]
He also touched on safe-haven currency ETF moves in the wake of the Eurozone’s ongoing problems. [Safe-Haven Currency ETFs Shine in Euro Crisis]
Watch the FOX Business video to see the full interview.