Industrials and health care stocks, which combine for 30 percent of the new ETF’s weigh, are VAMO’s largest sector weights after financial services and consumer discretionary. Technology and energy names each command weights of seven percent.
Though VAMO only holds stocks with market values in excess of $200 million, small caps comprise 26 percent of the new ETF’s portfolio. Mid caps chime in at 43 percent while large caps garner 31 percent of the new ETF’s weight.
“Value and momentum have long been important factors when selecting equity investments. Combining these two factors with hedging provides a strong portfolio of companies with the potential to minimize downside losses,” said Faber in the statement.
VAMO is Cambria’s sixth ETF. The firm has over $400 million in assets under management.