Cambria Could Introduce New Forex, Income ETF

Mebane Faber’s Cambria Funds has filed plans with the Securities and Exchange Commission to possibly introduce the Cambria Global Income and Currency Strategies ETF.

The filing shows the Cambria Global Income and Currency Strategies ETF would have total annual operating expenses of 0.79% and trade on the New York Stock Exchange under the ticker “FXFX.” The new ETF will be actively managed. A filing including an expense ratio and ticker could be a sign the fund is close to being introduced.

FXFX will “primarily seek exposures to currencies of developed countries that, in Cambria’s opinion, have liquid currency markets, including countries in the G-20 and other countries such as Argentina, Australia, Brazil, Canada, China, the European Union, India, Indonesia, Japan, Mexico, New Zealand, Norway, Russia, Saudi Arabia, South Africa, South Korea, Sweden, Switzerland, Turkey, the United Kingdom and the United States,” according to the filing.

Other multi-currency ETFs on the market today include the WisdomTree Emerging Currency Fund (NYSEArca: CEW), PowerShares DB G10 Currency Harvest Fund (NYSEArca: DBV) and the actively managed PIMCO Foreign Currency Strategy ETF (NYSEArca: FORX). [Active ETFs Gain Momentum]

As FXFX’s filing notes, the ETF can invest up to 20% of its assets in high-yield bonds denominated in both U.S. dollars and foreign currencies.