Global X Funds, the New York based provider of exchange traded funds, today launched a fund that gives investors exposure to the largest hedge fund managers.

The Global X Top Guru Holdings Index ETF (GURU) will is benchmarked to The Top Guru Holdings Index, which compiles fund managers from a select pool of hedge funds that file 13F information on a quarterly basis. Hedge funds with high turnover and non-concentrated positions are eliminated from the pool. The fund has an expense ratio of 75 basis points.

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