The Solactive Guru International Index features allocations to Baidu (NasdaqGS: BIDU), BP (NYSE: BP) and Royal Dutch Shell (NYSE: RDS-A) among others.
“We hope that these two new indices will be as successful as the first Solactive Guru Index, which has clearly generated substantial interest from the market, adding to the Passive versus Active debate. This is one series of indices among others we are calculating which reflect the market’s evolution toward more dynamic indices, with a strong focus on smart beta,” said Henning Kahre, head of Solactive’s global equity team, in a statement.
GURU has surged almost 68% since debuting in June 2012. The ETF has over $598.2 million in assets under management, making it one of the largest Global X ETFs.
Global X Guru Index ETF
ETF Trends editorial team contributed to this article.