Social Media ETF Is Running and Does Not Even Own Facebook Yet (SOCL, SINA, YNDX, GOOG, RENN, LNKD)

Global X Social Media Index ETF (NASDAQ: SOCL) is a clear beneficiary of the social media craze with a proposed Facebook IPO paperwork coming any time.  What is funny is that this ETF has many international holdings and it is not a venture fund nor a pre-IPO fund.  That means that the ETF does not own Facebook shares today.  In fact, Facebook is not a part of the ETF at all as a result.  Many companies are Chinese in this ETF and those companies have faced many concerns about government regulation at the local level.  This social media ETF was trading around $13.50 last week and the stock is now up just above $14.50.  The post-launch trading range since the November launch (of $15.00 at the launch) is now $12.50 to $14.98.

Again, this one owns no shares of Facebook and it will not likely get any special advantage over you nor over any member of Joe Public which has an online brokerage account and those with retail brokerage accounts. 

Here are its top holdings:

Tencent Holdings, 11.21%… HONG KONG LISTED
Gree, Inc., 10.76% in Asia
Netease.com, Inc., 9.54%
SINA Corp. (NASDAQ: SINA), 9.47%
DeNA Co. LTD, 8.14%
Yandex NV (NASDAQ: YNDX), 5.35%
Google, Inc. (NASDAQ: GOOG), 4.94%
NEXON Co. Ltd., 4.85%
Renren, Inc. (NYSE: RENN), 4.56%
LinkedIn Corporation (NYSE: LNKD), 4.5%

Honestly, this one will whip around with the mood of the Facebook and other social media stocks which trade in the public stock markets.  Unfortunately, it owns no Facebook shares now in case you forgot.