“Yes, the stocks could go down further before they rebound,” Faber said.

Cambria’s most recent launch prior to GVAL was the Cambria Foreign Shareholder Yield ETF (NYSEArca: FYLD), which started trading in December. FYLD tracks the Cambria Foreign Shareholder Yield Index, which is comprised of foreign developed stocks with high cash distribution characteristics. [High Yields and Foreign Stocks]

Cambria’s largest ETF is the Cambria Shareholder Yield ETF (NYSEArca: SYLD), which launched in May 2013 and has $204.6 million in assets.

For more information on new fund products, visit our new ETFs category.

Max Chen contributed to this article.