Courtesy of Hung Tran/IndexUniverse

MarketsMuse editor: In the category of “what will they think of next?”

A new index tracking the success of billionaire investors went live today, and a related “Billionaire ETF”—perhaps a bit like the Global X Guru ETF (GURU | C-48)—appears to be in the works as well.

iBillionaire Inc. today launched a new index designed for investors to track the investment portfolios of luminaries such as Warren Buffett, Carl Icahn and George Soros. The New York-based firm said in a press release it’s also designing an iBillionaire ETF to boost investors’ portfolios “like a billionaire,” according to the firm.

The iBillionaire Index, like Global X’s $251 million ETF ‘GURU,’  is devised from 13F filings and is composed of the top 30 large-cap equities listed on the S&P 500 in which the billionaire investors have made the most bets. The index will be calculated and distributed by the New York Stock Exchange.

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