Market Overview

Global X to Launch Guru ETF on June 5


Global X, the New York-based ETF issuer known primarily for its unique commodities and emerging markets offerings, will introduce the Global X Top Guru Holdings Index ETF (NYSE: GURU) on Tuesday June 5.

The new ETF will track the Top Guru Holdings Index, which is comprised of the top U.S.-listed equity holdings as reported on 13F filings by entities characterized as hedge funds. Only hedge funds with a minimum of $500 million in holdings reported on their 13F are considered for the index.

As of the end of April, the index had 51 constituents. GURU will charge an expense ratio of 0.75%. Earlier this year, Global X filed plans to possibly introduce several hedge fund ETFs, including the Global X Top Value Guru Holdings ETF, Global X Top Activist Investor Holdings ETF and the Global X Listed Hedge Funds ETF.

The Top Value Guru Holdings ETF will charge an expense ratio of 0.65% while the activist investor ETF will charge 0.75%, according to an SEC filing.

Global X had 33 ETFs with almost $1.2 billion in assets under management at the end of May, according to data from the ETF Industry Association.

Posted-In: News Broad U.S. Equity ETFs Specialty ETFs New ETFs Hedge Funds Intraday Update Markets Trading Ideas


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