GURU August 2017 Rebalance Report

On August 24th, the Global X Guru Index ETF (GURU) underwent its quarterly rebalance. The August 2017 GURU Report can be found here.

Notable observations from this rebalance period include the following:

  • GURU’s index, the Solactive Guru Index, outperformed the S&P 500, GURU’s broad-market benchmark, over this rebalance period by 0.03% (3 bps).1 GURU’s index has outperformed the S&P 500 by 140 bps over the past year.2
  • GURU is now 4.6% overweight to the Energy sector versus the S&P 500 after being underweight the sector during the last rebalance.3 The new energy positions may be a tactical play by hedge fund managers to capitalize on cheap oil prices and rising US oil production levels.
  • The removal of three Information Technology companies now brings the technology sector to a 9.5% underweight relative to the S&P 500.3 Hedge funds may have decided to take gains with the Tech sector having rallied this year.

For Fund performance, please click on the fund ticker: GURU