Wednesday, 20 August 2014
Last updated 27 min 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."
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note