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Global X renames hedge fund replication ETF


Global X is changing the name of its hedge fund replication exchange-traded fund and preparing to introduce two more hedge fund ETFs, according to a regulatory filing made with the Securities and Exchange Commission.

The Global X Top Guru Index Holdings Index Fund is now trading under the simpler name of the Global X Guru Index ETF (GURU), but it will still aim to reflect the performance of the Solactive Guru Index, which is based on the Form 13F-reported US equity positions of a group of hedge funds.
In addition, the filing sets out Global X’s plans to introduce two additional hedge fund ETFs – Global X Guru Value Index ETF and Global X Guru Activist Index ETF, which will be based on the Solactive Guru Value Index and Solactive Guru Activist Index respectively.
As with the Solactive Guru Index, these indexes are also based on Form 13F-reported positions of a group of value investors and activist investors.

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