The firm said that the fund aims to aggregate on a quarterly basis the expertise and knowledge of hedge fund managers into the transparent, cost-efficient and easily accessible format of an ETF, without any minimum investment, immediate liquidity and a 0.75% expense ratio.
The fund has been tailored in such a way that it provides any important position change with the 13F reports, claims the firm.
Keeping risk at the lowest possible, the firm has eliminated hedge funds with high turnover and non-concentrated positions.
Global X Funds chief executive officer Bruno del Ama said, "The Global X Top Guru Holdings Index ETF provides a cost effective solution for investors to access the collective insights of the largest and most sophisticated hedge fund managers."
As of 1 May 2012, Global X Funds had $1.32bn in managed assets and over 100,000 investors from more than 100 countries, globally.
