Short overcrowded tradesAs equities market unwinds, its a fantastic time to sell a premade basket of overpriced crap grounded by no fundamentals or confidence in macro factors to keep the dream running much longer.
Key stats
About Global X Guru Index ETF
Expense ratio
0.75%
Home page
Inception date
Jun 4, 2012
GURU selects firms using a copycat approach, piggybacking on accomplished stock-pickers. The fund's index looks at published holdings of large hedge funds, focusing on those with concentrated stakes in US-listed securities. Securities selected in this manner are equally weighted. GURU's free-riding method is intuitive and transparent, but basing a portfolio on lagged quarterly snapshots of nimble hedge funds also comes with difficulties. The index is reconstituted annually and rebalanced quarterly.
Classification
What's in the fund
Exposure type
Technology Services
Retail Trade
Health Technology
Finance
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.