ETF Trends
ETF Trends

AdvisorShares, one of the largest issuers of actively managed exchange traded funds, and Mebane Faber’s Cambria Investments are parting ways on the AdvisorShares Cambria Global Tactical ETF (NYSEArca: GTAA).

North Carolina-based Morgan Creek Capital Management will be GTAA’s new sub-advisor. GTAA, which debuted in 2010, is a multi-asset fund comprised of other ETFs. At the end of April, the ETF allocated 33% of its weight to foreign stocks, 22% to U.S. equities and a combined 21% to global and U.S. bonds, according to AdvisorShares data.

Top-10 holding in GTAA include the Vanguard REIT ETF (NYSEArca: VNQ), iShares 20+ Year Treasury Bond ETF (NYSEArca: TLT) and the PowerShares DB Agriculture Fund (NYSEArca: DBA).

GTAA’s eleventh-largest holding is Cambria’s Cambria Shareholder Yield ETF (NYSEArca: SYLD).

Morgan Creek’s Mark Yusko will serve as GTAA’s new portfolio manager, according to a statement issued by AdvisorShares.

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