November 2015 Guru Rebalance Report

The latest Global X Guru Index ETF (GURU) rebalance occurred in late November, after data from hedge fund 13f filings became publicly available. Guru experienced its lowest quarterly turnover since the fund’s inception, with only 5 holdings being replaced. Below are the key points about Guru’s November rebalance and outlook for 2016. Check out the full November 2015 Guru Report.

Guru Nov 2015 image 1

  • Noteworthy buys were GrubHub, the food delivery company & Cognizant Solutions, the IT, consulting, and outsourcing firm.
  • Guru removed two pharmaceuticals companies, Shire Plc and Depomed Inc. Pharmaceuticals companies have contributed to over 1/3 of Guru’s underperformance vs. the S&P 500 this year.
  • In January, the Solactive Guru Index will reconstitute its list of eligible hedge funds from which it sources high conviction equity investments.
  • The reconstitution will removes any hedge funds that have increased year-over-year turnover beyond the 50% threshold, as well as those that have seen AUM fall below $500 million.