Should I buy this ETF due to the forthcoming ban on TikTok?

TikTok is set to be banned in US law from the beginning of 2025 unless it changes ownership from the current Chinese Bytedance owners. If banned, will other Western countries follow suit too?

If this goes ahead, there is no similar alternative to TikTok, so advertising businesses and video businesses will then go to Instagram, Facebook (both owned by Meta as well as Threads and WhatsApp) and Google/Alphabet (YouTube).

You could therefore invest in Meta and Alphabet now, but if TikTok's Supreme Court appeal is successful, or Trump somehow quashes the ruling, then you could be looking at a large loss!

The ETF IUCM also has top holdings in Meta and Alphabet and it's price has increased recently.

Although Meta and Alphabet account for 50% of this ETF, any TikTok decision reversal would probably only cause a 20% dip at most and so reduce the risk of losses.

I am thus looking at increasing my exposure in IUCM (I already have a significant holding) very soon.

Note: This is not financial advice. Please do your own research.