Cambria Investment Management has crossed the $1 billion milestone, providing a range of active and alternative index-based strategies to help investors enhance returns.
“I think of the milestone as an overnight success that was 10 years in the making,” Meb Faber, Chief Investment Officer and Portfolio Manager at Cambria Investments, told ETF Trends in a call. It took “scratching and climbing a decade to get here.”
In the ETF space, Cambria offers a line of active and smart beta ETFs that has allowed investors access to various alternative global strategies. For instance, the Cambria Global Value ETF (NYSEArca: GVAL) is the firm’s most popular ETF strategy. GVAL can help investors exploit valuation opportunities in markets outside the U.S. The fund invests in about 100 stocks from the world’s most undervalued markets, targeting the cheapest, most liquid picks in countries where political or economic crisis have depressed valuations.
The Cambria Shareholder Yield ETF (NYSEArca: SYLD), an actively managed ETF, tries to provide greater value for investors through various strategies, such as tracking companies that return capital to shareholders through stock repurchases, paying cash dividends and paying down debt on their balance sheets.
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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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