GURU November 2017 Rebalance Report

On November 27th, the Global X Guru Index ETF (GURU) underwent its quarterly rebalance. The November 2017 GURU Report can be found here.

Notable observations from this rebalance period include the following:

  • GURU’s index, the Solactive Guru Index, underperformed the S&P 500, GURU’s broad-market benchmark, over this rebalance period by 1.27% (127 bps). GURU’s index has still outperformed the S&P 500 by 132 bps year-to-date.
  • GURU saw 5 additions of Consumer Discretionary companies. This could be a sign of strong sentiment amongst hedge funds of a continued economic expansion.

There were 4 new additions of Technology companies after a decline last quarter. Hedge funds may have identified an opportunity in the sector after Tech companies reported very strong earnings for the quarter.

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