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6 ETFs Facebook fans will like

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July 28
1:30 AM 2013

Facebook was performing well, according to the latest report from the company. It reported a profit of US$333 million for the second quarter. Revenue rose from US$1.12 billion to US$1.81 billion. The strong performance resulted in shares rising by as much as 20%.

This got investors, who did not "like" Facebook, to thinking it might be time to befriend the social media giant. However, for investors who did not want to be too close, ETF Database offered six exchange-traded funds (ETFs) who had Facebook as one of their top 10 holdings as reported by MarketWatch.

These six ETFs were as follows: Morningstar Wide Moat Focus ETN (WMW), Vanguard Extended Market ETF (VFX), Global X Social Media Index ETF (SOCL), First Trust Dow Jones Index Fund (FDN), First Trust US IPO Index Fund (FPX), and PowerShares Nasdaq Internet Portfolio ETF (PNQI),

However, investors might want to take note that WMW has an expense ratio of 0.75%, which was the highest among the six ETFs. FPX, PNQI, and FDN had expense ratios of 0.6% and 44% to 45% advance over the past 12 months. Meanwhile, VFX and SOCL failed to earn five-star overall ratings unlike the other four ETFs.

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