MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, September 13, 2013 Barron's: Will Twitter Mania Take Down Funds? Barron's Brendan Conway asks whether investors will avoid making the same mistakes they made with the Facebook IPO by "charging into" funds that own Twitter's pre-IPO shares. Conway says the same funds that are benefitting from Twitter now are the same funds that benefitted from Facebook--until that train halted in 2012 when the IPO was botched. Facebook took down GSV Capital's price from $18 to $10, and now it's up 13 percent the morning of September 13, after a 15 percent weighting in Twitter, Conway reports. Firsthand Capital Management's [profile] Firsthand Technology Value Fund reported a 10.4 percent Twitter weighting and is moving up by 6 percent, Conway writes. Conway predicts that Global X Management [profile] Social Media Index ETF will be the first ETF to add Twitter. The Wall Street Journal's Miriam Gottfried explains why she doesn't think that Twitter and Facebook are analogous. To read more, here and click here. Printed from: MFWire.com/story.asp?s=46036 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |