For Q2, ETFs tacking hedge funds outperformed their expensive offerings. The Global X GURU Index ETF beat the Global Hedge Fund Index and the Hedge Fund Equity Index, which each returned less than 1%, according to data from Hedge Fund Research.
Global X GURU Index ETF Celebrates 2 Year Anniversary
NEW YORK – August 1, 2014 – Global X Funds (NYSEARCA:GURU), the New York-based provider of exchange-traded funds (ETFs), today reported that the Global X Guru Index ETF, celebrating its two year anniversary since inception, has outperformed the S&P 500 during the second quarter of 2014. The S&P 500 (INDEXSP:.INX) returned over 5.2% during the quarter, while in contrast, GURU returned 7.1%. Guru has outpaced the S&P 500 since the fund’s inception on June 4, 2012 87.17% versus 59.47%.
In its two years since coming to market, GURU has grown to $500 million in assets under management (as of July 30, 2014) and is the largest ETF to track the quarterly 13F filings of hedge funds.
Khrom Capital was up 32.5% gross and 24.5% net for the first quarter, outperforming the Russell 2000's 21.2% gain and the S&P 500's 6.2% increase. The fund has an annualized return of 21.6% gross and 16.5% net since inception. The total gross return since inception is 1,194%. Q1 2021 hedge fund letters, conferences and more Read More
GURU taps into high conviction stock holdings found in the 13F filings of a select group of large hedge fund managers, using a proprietary methodology to sort through their long equity positions. Earlier in the year, Global X Funds introduced Global X Guru Small Cap Index ETF (NYSEARCA:GURX) and Global X Guru International Index ETF (NYSEARCA:GURI), which utilize similar methodologies and focus on the small cap and international segments, respectively.
Over the past year, GURU has ranked among the top 20% U.S. Large-Cap Core funds, according to Lipper, Inc. Additionally, GURU was ranked by Bloomberg as the “Best Niche ETF” in 2013.
Bruno del Ama, chief executive officer of Global X Funds, said: “The first half of 2014 had been challenging for many hedge funds, however, their high conviction, low turnover stocks started to play out over the second quarter. GURU is able to smartly access ideas of some of the world’s most sophisticated money managers by isolating those picks.
 Source: ETF.com, 2014.
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