Seven countries – Brazil, Ireland, Austria, Italy, Portugal, Spain and Israel – receive 10% allocations n GVAL. A combined 86% of the new ETF’s weight is allocated to large- and mid-caps. Financial services is by far GVAL’s largest sector weight at 28%. Materials and utilities combine for another 28%, according to Cambria data.
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 had $180 million in assets at the end of last year, an impressive sum considering the ETF launched in May 2013.
GVAL Country Allocation
