Solactive launches indices to support Global X ETFs
Solactiv AG has launched two indices to be used as the underlying indices for new ETFs from Global X on the New York Stock Exchange.
The Solactive Guru International Index and the Solactive Guru Small Cap Index are part of a family of indices that includes the Solactive Guru Index, which launched in June 2012 and is tracked by the Global X Guru Index ETF, with some $500m in assets.
The Guru ETF tracks hedge fund strategies.
Henning Kahre, head of Solactive Equity Team, said: “We hope that these two new indices will be as successful as the first Solactive Guru Index, which has clearly generated substantial interest from the market, adding to the Passive versus Active debate. This is one series of indices among others we are calculating which reflect the market’s evolution toward more dynamic indices, with a strong focus on smart beta.”