GURU February 2018 Rebalance Report

On February 26th, the Global X Guru Index ETF (GURU) underwent its quarterly rebalance. The February 2018 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, by 2.28% (228 bps) in 2017. GURU was supported by strong selections in the Consumer Discretionary sector.
  • GURU saw 5 net new additions in the Health Care sector, mostly within the Biotech and Pharmaceuticals space. Hedge funds may have identified an opportunity within those sub-segments.
  • GURU continues to maintain an overweight to the Consumer Discretionary sector, with an approximately 10% overweight relative to the S&P 500, and an underweight to Tech with about a 6% underweight relative to the S&P 500