] has in the pipeline four exchange-traded funds designed to try follow star managers' investing move. Benzinga reports
that the New York City-based asset manager has filed to launch the Listed Hedge Funds ETF
, the Top Activist Investor Holdings ETF
, Top Hedge Fund Equity Holdings ETF
and the Top Value Guru Holdings ETF
warns that, because the hedge funds' 13F filings only show their holdings about 45 days after the fact, investors (and the index makers powering the proposed Global X products) can't know what the hedge funds they're tracking are currently holding.
According to data from the ETF Industry Associaton, Global X had 40 ETFs and over $1.4 billion in AUM at the end of February.
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