Social Media ETF to Debut Tuesday

If you missed out on some of the hot social media IPOs, don't fret because there's an exchange-traded product headed your way that might be worth a look. The Global X Social Media ETF will debut on Tuesday on the New York Stock Exchange under the ticker “SOCL.”The new ETF will hold a basket of 25 stocks with 26% exposure to the U.S. to start. China will get an allocation of 37%. Three Japanese stocks get more than 19%, while Russian, German, Indian, Taiwanese, Italian and U.K. social-media stocks also are included in the portfolio, according to Barron's .Among the names that will be included in the Global X Social Media ETF are Google (Nasdaq: GOOG), China's Sina (Nasdaq: SINA) and Netease.com (Nasdaq: NTES), LinkedIn (NYSE: LNKD), Pandora (NYSE: P) and Groupon (Nasdaq: GRPN).Global X CEO Bruno del Ama told Dow Jones Newswires SOCL's country mix could shift more in favor of U.S. companies as new holdings are added to the ETF. While he did not mention specific companies, it is not unreasonable to assume that once Facebook, Twitter and Zynga go public that any or all of those stocks would be added to the new Global X ETF.Global X had 35 ETFs with $1.35 billion in assets under management at the end of October, according to data from the National Stock Exchange.