GURU ETF Does Not Replicate Hedge Fund Performance
Global X announced yesterday that it was going to launch an ETF that mimics the moves made by hedge funds on the market. The Global X Top Guru Holdings index (NYSE:GURU) supposedl follows hedge funds based on their 13F filings with the SEC for each quarter.
A similar fund was opened by AlphaClone last week. The fund name is the AlphaClone Alternative Alpha Index (NYSE:ALFA). Although, we have not examined this fund in particular.
This article focuses on the GURU ETF.
The . . .
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