With 35 ETFs and nearly $2 billion in assets, Global X offers an innovative lineup of Exchange Traded Funds spanning a variety of asset classes. On our most recent radio broadcast, Bruno del Ama, CEO of Global X, joined us to discuss some of their specific ETFs and offer a few thoughts on the current financial markets. We also discussed why investors tend to have a home country bias when selecting investments for their portfolios and how ETFs might be just the right investment solution to help overcome this bias.
In our weekly market update, we looked back at last week's testimony from Federal Reserve Chairman Ben Bernanke and explained why economist/comedian Ben Stein compared Mr. Bernanke to a drug dealer. We also briefly touched on Detroit's bankruptcy filing and why an ETF such as the iShares S&P National AMT-Free Muni Bond ETF (ticker: MUB) might be a better way for investors to access municipal bonds for their portfolios. In our weekly ETF Spotlight, given our focus on Global X ETFs, we examined the Global X Top Guru Holdings Index ETF (ticker: GURU), which seeks to take some of the best investment ideas from top hedge funds and own them in an ETF. The best part of this ETF? While it seeks to piggyback off the highest conviction investment ideas from the best and brightest hedge fund managers, you avoid the hefty "2 & 20" hedge fund fee structure. Learn more about GURU by visiting www.etfbuzz.com.