- SOCL is a fairly concentrated thematic ETF investing in the social media universe from light-weight players to established titans across emerging and developed markets, mostly from the U.S. and China.
- SOCL's returns were nothing short of spectacular amid the tech bull market of the 2010s, supercharged by the pandemic-related tailwinds in 2020, but a tectonic shift clearly began in 2021.
- Tech regulations, FX headwinds, and growth premia are amongst the top risks.
- Speculative tech bulls have better options. SOCL is a Hold.
For further details see:
Global X Social Media ETF: Though Alpha In The Past, Too Many Risks Going Forward