Market Overview

GLOBAL X FUNDS LAUNCHES GURU SMALL CAP AND GURU INTERNATIONAL ETFS

NEW YORK – March 11, 2014 – Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X Guru™ Small Cap Index ETF (NYSE Arca: GURX) and the Global X Guru™ International Index ETF (NYSE Arca: GURI). The introduction of the two funds establishes a suite of “Guru”-themed ETFs, which seek participation in the ideas of some of the world’s most sophisticated investors. The flagship Global X Guru™ Index ETF launched in June 2012 and is currently ranked among the top 1% U.S. Large-Cap Core Equity funds, according to Lipper, Inc.

 

The two new funds tap into the highest conviction ideas found in the 13F filings of a select group of hedge funds and other institutional investors. The Global X Guru™ Small Cap Index ETF (GURX), which tracks the Solactive Guru Small Cap Index, will invest in 100 equally weighted companies with a market capitalization between $100 million to $3 billion. The Global X Guru™ International Index ETF (GURI), tracking the Solactive Guru International Index, will invest in the top international holdings from this group of managers. GURI will have 50 equally weighted holdings and gain its international exposure through ADRs and other international companies listed on 13Fs.

 

“There is a strong foundation in academic literature for the value of 13F filings” said Bruno del Ama, chief executive officer of Global X Funds and portfolio manager for the funds. “To properly derive this value, however, you need a well-defined methodology that filters for the right information. There’s a lot of data out there, and the Guru funds are designed to invest only in the stocks where we believe the value of this information is greatest.”

 

With over $500 million in assets and having been ranked by Bloomberg as the “Best Niche ETF” in 2013[1], GURU has established itself as the market’s premier ETF to track hedge fund strategies.

 

“The latest round of filings shows that many hedge fund managers continue to move out of cyclical stocks and take more defensive positions,” added Jay Jacobs, research analyst at Global X Funds. “The methodologies utilized by the Guru funds strive to eliminate the noise in 13F filings and uncover where these managers are focusing their investments.”

 

ABOUT GLOBAL X FUNDS

Global X is a New York-based sponsor of exchange-traded funds that facilitates access to investment opportunities across the global markets. With $3.2 billion in managed assets and over 100,000 investors from more than 100 countries as of March 1, 2014, Global X offers exchange-traded funds that target Income, International, Commodity Producers, Industry, and Alternative fund suites. For more information about these exchanged traded funds, please visit www.globalxfunds.com.

 

[1] Bloomberg Media: http://www.bloomberg.<wbr>com/news/2014-01-03/balchunas-<wbr>s-choice-for-2013-s-best-<wbr>niche-etf-audio-.html</wbr></wbr></wbr>

Posted-In: Global X Guru™ International Index ETF Global X Guru™ Small Cap Index ETFPress Releases ETFs

 

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