GURU August 2018 Rebalance Report

On August 23th, the Global X GURU Index ETF (GURU) underwent its quarterly rebalance. The August 2018 GURU Report can be found here.

Notable observations from this rebalance period include the following:

  • GURU’s index, the Solactive Guru Index, has outperformed the S&P 500, GURU’s broad-market benchmark by 0.42% (42 bps) year to date through August 23rd. GURU has been supported by strong selections in the Health Care and Energy sectors.
  • GURU had 4 deletions from the Health Care sector, potentially signaling profit taking within that sector. Two new Health Care companies were added.
  • GURU’s Consumer Discretionary overweight relative to the S&P 500 fell to 3% and its Tech underweight relative to the S&P 500 decreased to 4%.