New Tactical Active ETF Launches
October 27th at 1:00am by Tom Lydon
AdvisorShares Investments, the creator of actively managed exchange traded funds (ETFs), began trading a tactical fund this week.
AdvisorShares launched the Cambria Global Tactical ETF (NYSEArca: GTAA). GTAA is sub-advised by Cambria Investment Management, Inc., a Los Angeles, California-based investment manager. [Another New AdvisorShares ETF.]
According to AdvisorShares, Cambria will invest in underlying ETFs spanning all the major world asset classes including equities, bonds, real estate, commodities and currencies. GTAA will use a quantitative approach and strict risk management controls to maintain the fund’s portfolio. The idea is to protect from downside losses, protect capital and provide diligent portfolio management through all business cycles. [Active ETFs And The Bid-Ask Spread.]
Tisha Guerrero contributed to this article.
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