So far this year, global markets have outperformed and so have Cambria’s global options, including GVAL and Cambria Emerging Shareholder Yield ETF (BATS: EYLD), which are up 23.8% and 24.3%, respectively, year-to-date.

EYLD tracks the Cambria Emerging Shareholder Yield Index, which is comprised of emerging market stocks ranked by dividend payments and net stock buybacks, key components of shareholder yield. Additionally, the underlying index screens for value, quality and companies that demonstrate low financial leverage.

“The current favorite, interesting markets are those with value and momentum,” Faber added. “Cheap foreign markets are now seeing great trends and momentum.”

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