Billionaire ETF Index Adds Facebook, Dumps Netflix, Others

The Direxion iBillionaire Index ETF (NYSEArca: IBLN), the newly minted exchange traded fund that tracks 30 U.S. stocks in which a pool of up to 10 billionaires have invested the most assets, is adding some big names while waving good-bye to some others. IBLN tracks iBillionaire Inc.’s iBillionaire...