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 funds seem like an interesting investment, and the idea may well catch on, but there are many reasons to...