NEW YORK, March 11, 2014 /PRNewswire/ -- Global X
Funds, the New York-based provider
of exchange-traded funds (ETFs), today launched the Global X Guru™
Small Cap Index ETF (NYSE Arca: GURX) and the Global X Guru™
International Index ETF (NYSE Arca: GURI). The introduction of the
two funds establishes a suite of "Guru"-themed ETFs, which seek
participation in the ideas of some of the world's most
sophisticated investors. The flagship Global X Guru™ Index ETF
launched in June 2012 and is
currently ranked among the top 1% U.S. Large-Cap Core Equity funds,
according to Lipper, Inc.
The two new funds tap into the highest conviction ideas found in
the 13F filings of a select group of hedge funds and other
institutional investors. The Global X Guru™ Small Cap Index ETF
(GURX), which tracks the Solactive Guru Small Cap Index, will
invest in 100 equally weighted companies with a market
capitalization between $100 million to $3
billion. The Global X Guru™ International Index ETF (GURI),
tracking the Solactive Guru International Index, will invest in the
top international holdings from this group of managers. GURI will
have 50 equally weighted holdings and gain its international
exposure through ADRs and other international companies listed on
13Fs.
"There is a strong foundation in academic literature for the
value of 13F filings" said Bruno del
Ama, chief executive officer of Global X Funds and portfolio
manager for the funds. "To properly derive this value, however, you
need a well-defined methodology that filters for the right
information. There's a lot of data out there, and the Guru funds
are designed to invest only in the stocks where we believe the
value of this information is greatest."
With over $500 million in assets
and having been ranked by Bloomberg as the "Best Niche ETF" in
20131, GURU has established itself as the market's
premier ETF to track hedge fund strategies.
"The latest round of filings shows that many hedge fund managers
continue to move out of cyclical stocks and take more defensive
positions," added Jay Jacobs,
research analyst at Global X Funds. "The methodologies utilized by
the Guru funds strive to eliminate the noise in 13F filings and
uncover where these managers are focusing their investments."
ABOUT GLOBAL X FUNDS
Global X is a New York-based
sponsor of exchange-traded funds that facilitates access to
investment opportunities across the global markets. With
$3.2 billion in managed assets and
over 100,000 investors from more than 100 countries as of
March 1, 2014, Global X offers
exchange-traded funds that target Income, International, Commodity
Producers, Industry, and Alternative fund suites. For more
information about these exchanged traded funds, please visit
www.globalxfunds.com.
DISCLOSURE
Investing involves risk, including the possible loss of
principal. The 13F filings used to select the securities in the
Underlying Indexes are filed by each hedge fund approximately 45
days after the end of each calendar quarter. Therefore a given
hedge fund may have already sold its position by the time of the
13F filing. The funds may invest in small and mid capitalization
companies, which have greater volatility and less financial
resources than large-capitalization companies. Investments in the
securities of foreign issuers (including investments in American
Depositary Receipts ("ADRs")) are subject to the risks associated
with investing in those foreign markets, such as heightened risks
of inflation or nationalization. In addition, securities of foreign
issuers may lose value due to political, economic and geographic
events affecting a foreign issuer or market.
Carefully consider the Fund's investment objectives, risk
factors, charges and expenses before investing. This and additional
information can be found in the Fund's prospectus, which may be
obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or
by visiting www.globalxfunds.com. Read the prospectus
carefully before investing.
Solactive AG Indexes have been licensed for use by Global X
Management Company, LLC. Global X Funds are not sponsored,
endorsed, issued, sold, or promoted by Solactive AG, nor does this
company make any representations regarding the advisability of
investing in the Global X Funds. Global X Management Company, LLC
serves as an advisor to the Global X Funds. The Funds are
distributed by SEI Investments Distribution Co., which is not
affiliated with Global X Management Company or any of its
affiliates.
1 Bloomberg Media:
http://www.bloomberg.com/news/2014-01-03/balchunas-s-choice-for-2013-s-best-niche-etf-audio-.html
SOURCE Global X Funds