Additionally, the SEC filing reveals that Global X is planing the Global X Guru Value Index ETF and the Global X Guru Activist Index ETF.
The Guru Value ETF will try to reflect the performance of the Solactive Guru Value Index, which is comprised of U.S.-listed equity positions reported on Form 13F from a select group characterized as premier value investors. Value investors buy securities that appear undervalued based on fundamental analysis. The ETF will have a 0.65% expense ratio.
The Guru Activist ETF will try to reflect the performance of the Solactive Guru Activist Index, which is comprised of U.S.-listed equity positions reported on Form 13F from a select group characterized as premier activist investors. Activist investors buy securities to put pressure on its management to increase shareholder value. The ETF will have a 0.75% expense ratio.
For more information on hedge fund ETFs, visit our hedge fund category.
Max Chen contributed to this article.