Hedge Fund News From HedgeCo.Net


Global X Launches Hedge Fund Replication ETF

ETF Trends – Closely following the launch of the AlphaClone hedge fund replication exchange traded fund, Global X is also marketing an ETF based on top hedge fund picks.

On Tuesday, the Global X Top Guru Holdings Index ETF (NYSEArca: GURU) started trading, according to a press release. GURU will try to reflect the performance of the Top Guru Holdings Index, which is comprised of top U.S.-listed equity positions reported on the Form 13F by hedge fund managers. The fund has an expense ratio of 0.75%.

The fund will select from a pool of hedge fund positions based on their reported equity holdings and efficacy of replicating their publicly disclosed positions. The ETF will rebalance quarterly and also follow an equal-weight methodology.

As of May 25, GURU had 51 holdings, with top components including America Movil (NYSE: AMX) 2.0%, American Capital Agency Corp. (NasdaqGS: AGNC) 2.0%, American International Group (NYSE: AIG) 2.0%, Apple (NasdaqGS: AAPL) 2.0% and Banco Bradesco (NYSE: BBD) 2.0%.

Read Full Article

Related Posts Plugin for WordPress, Blogger...

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply