This vehicle is an ETF called GURU (more details here) and its short life started on June 5, 2012.
Taken from the GlobalXFunds website:
For example, hedge funds with high turnover are eliminated from the pool. The goal of the Global X Top Guru Holdings Index ETF (GURU) is to aggregate on a quarterly basis the ideas and knowledge of hedge fund managers into the transparent, cost-efficient and easily accessible format of an ETF.
Up until now GURU has easily outperformed the market since inception (June 5, 2012):
- From June 5, 2012 to December 31, 2012 GURU yielded a +15.15% performance. During the same time span SPX went up +11.61%.
- From January 1, 2013 to today October 3, 2013 GURU has gone up another +27.65% versus only +17.70% the SPX Index.
I hope you enjoyed this article and remember, there is no holy grail in trading, nor profits without risks.
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