GURU November 2018 Rebalance Report

On November 26th, the Global X GURU Index ETF (GURU) underwent its quarterly rebalance. The November 2018 GURU Report can be found here.

Notable observations from this rebalance period include each of the following:

  • GURU’s Index, the Solactive Guru Index, has outperformed the S&P 500, GURU’s broad-market benchmark by 0.13% (13 bps) year to date through November 26th. GURU has been supported by selections in the Real Estate and Utilities sectors.
  • GURU sectors were reclassified according to Global Industry Classification Standards (GICS). With the new categorization scheme, GURU’s Communication Services holdings are overweight relative to the S&P 500 by 3%.
  • GURU’s Information Technology underweight relative to the S&P 500 fell to 8%. Hedge funds may have been in profit taking mode with valuations in that sector at high levels.