Hedge Fund Tracking ETFs Lagging S&P

July 08, 2014

2. $497 million Global X Guru ETF (GURU | B-55) YTD Return: 4 percent

GURU tracks an equal-weighted index that attempts to mimic concentrated equity positions taken by large hedge funds, as reported in quarterly public filings. The fund’s current top three holdings include:

  • Micron., up 48.7 percent YTD
  • Baidu, up 1.4 percent YTD
  • Pandora, down 4 percent YTD

GURU found huge success since its June 2012 launch, with assets under management swelling on strong inflows and rock-star 2013 returns. Returns have cooled in 2014 to date—the fund has gained 4 percent YTD—and the fund has an expense ratio of 0.75 percent, or $75 for every $10,000 invested.

Following the success of GURU last year, Global X in March launched similar funds riding GURU’s success: Global X Guru Small Cap Index ETF (GURX | F-61) and the Global X Guru International Index ETF (GURI | F-25).

GURU_Vs._SPY_YTD_Peformance

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