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June 05, 2012 at 09:00 AM EDT
Global X Debuts “Guru ETF” (GURU)
Global X announced today the launch of a new ETF that will be based on top holding of hedge fund managers, essentially arming investors with a tool to replicate the strategies implemented by some of the world’s most sophisticated and most successful money managers. The new Top Guru Holdings Index ETF (GURU) will be linked to an index that is comprised of the publicly-disclosed equity holdings of certain hedge funds. In other words, GURU will attempt to mimic the positions and strategies implemented by hedge funds–many of whom have a proven track record of consistently generating alpha. The underlying index will include only hedge funds with concentrated top holdings, and will exclude funds that have historically exhibited high turnover. Mimicking Gurus The index underlying GURU will be constructed by using 13F filings made by hedge funds with the SEC. Institutional investors with $100 million or more in assets under management are [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Recap: Lawsuits, Facebook, And Fee Cuts (Oh My!) May ETF Roundup: Launches, Filings, and Closures Hedge Fund “Clone” ETF Debuts (ALFA) Forget AAPL, Find Some ISRG When An ETF Distribution Isn’t A Dividend: Explaining Capital Gains
Global X announced today the launch of a new ETF that will be based on top holding of hedge fund managers, essentially arming investors with a tool to replicate the strategies implemented by some of the world’s most sophisticated and most successful money managers. The new Top Guru Holdings Index ETF (GURU) will be linked to an index that is comprised of the publicly-disclosed equity holdings of certain hedge funds. In other words, GURU will attempt to mimic the positions and strategies implemented by hedge funds–many of whom have a proven track record of consistently generating alpha. The underlying index will include only hedge funds with concentrated top holdings, and will exclude funds that have historically exhibited high turnover.  Mimicking Gurus The index underlying GURU will be constructed by using 13F filings made by hedge funds with the SEC. Institutional investors with $100 million or more in assets under management are [...]

Click here to read the original article on ETFdb.com.

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