Saturday, 25 October 2014
Last updated 1 day ago
Oct 29 2013 | 7:44am ET
Global X Funds has shaved a few syllables from the name of its flagship hedge-fund replication exchange-traded fund as it prepares to roll out a couple of new ones.
The New York-based firm's Global X Top Guru Index Holdings Index Fund is now known simply as the Global X Guru Index ETF. The year-and-a-half-old fund seeks to replicate hedge fund returns by investing in stocks held by prominent managers as disclosed in their Form 13F filings—but it's done a good deal better this year, returning 39.3% while the average hedge fund is mired in the high single digits.
The same strategy is set to become available in more granular form, as Global X prepares to roll out the Guru Value Index ETF and Guru Activist Index ETF.
The Global X Top Guru ETF trades under the ticker symbol "GURU."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.