Global X to Launch Guru ETF on June 5

Global X, the New York-based ETF issuer known primarily for its unique commodities and emerging markets offerings, will introduce the Global X Top Guru Holdings Index ETF

on Tuesday June 5. The new ETF will track the Top Guru Holdings Index, which is comprised of the top U.S.-listed equity holdings as reported on 13F filings by entities characterized as hedge funds. Only hedge funds with a minimum of $500 million in holdings reported on their 13F are considered for the index. As of the end of April, the index had 51 constituents. GURU will charge an expense ratio of 0.75%. Earlier this year,

. The Top Value Guru Holdings ETF will charge an expense ratio of 0.65% while the activist investor ETF will charge 0.75%, according to

. Global X had 33 ETFs with almost $1.2 billion in assets under management at the end of May, according to data from the ETF Industry Association.