LOS ANGELES, Sept. 9, 2015 /PRNewswire/ -- The Cambria ETF Trust and its investment manager, Cambria Investment Management, LP, today launched the Cambria Value and Momentum ETF (Ticker: VAMO). This is the sixth fund in Cambria's suite of ETFs, which has quickly gained over $400 million in assets.
VAMO, listed on the NYSE Arca exchange, is an actively managed ETF with multifactor and hedging capabilities. VAMO invests in 100 stocks with market caps greater than US $200 million which rank among the highest in value and momentum factors. The Fund then has the ability to hedge up to 100% of the portfolio based on top down objective assessment of stock valuations and market trends.
VAMO allows the investor to hedge the equity portfolio when the market is expensive or in a downtrend, or both. The Fund will scale the hedges up and down on a weekly basis. At launch, its two largest sectors exposures are financial and consumer discretionary stocks, and the fund is hedged approximately 100%.
"The recent volatility in the US markets is a classic example of why investors may want to consider hedging their investments," said Meb Faber, Cambria Chief Investment Officer. "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."
Eric Richardson, Cambria's Chief Executive Officer, added: "As one of the fastest growing issuers of smart-beta ETF strategies, we're pleased to expand our offering of academically-driven funds which meet investors' portfolio needs."
ABOUT CAMBRIA INVESTMENT MANAGEMENT, LP
Cambria Investment Management, LP, based in Los Angeles, California, is a SEC registered investment management firm employing a disciplined multi-asset, global quantitative research process. Cambria provides investment management services to high net worth individuals and institutions through separately managed accounts, private funds, and public exchange-traded funds. Cambria is also the investment manager of the Cambria Global Asset Allocation ETF (NYSE: GAA) Cambria Global Momentum ETF (NYSE: GMOM), Cambria Global Value ETF (NYSE: GVAL), Cambria Shareholder Yield ETF (NYSE: SYLD) and Cambria Foreign Shareholder Yield ETF (NYSE: FYLD). Global diversification through asset allocation, coupled with prudent risk management, is the foundation of Cambria's investment philosophy. To learn more about Cambria, please visit www.cambriainvestments.com and www.cambriafunds.com. Meb Faber can be followed @MebFaber.
To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expense before investing. This and other information can be found in the Fund's prospectus which may be obtained by calling 855-383-4636 (ETF INFO) or visiting our website at www.cambriafunds.com. Read the prospectus carefully before investing or sending money.
The Cambria ETFs are distributed by SEI Investments Distribution Company, which is not affiliated with Cambria Investment Management, LP, the Investment Adviser for the Fund.
ETFs are subject to commission costs each time a "buy" or "sell" is executed. Depending on the amount of trading activity, the low costs of ETFs may be outweighed by commissions and related trading costs. Shares are bought and sold at market price (closing price) not net asset value (NAV) are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined), and do not represent the return you would receive if you traded at other times.
Investing involves risk, including the possible loss of principal. Investments in smaller companies typically exhibit higher volatility. The fund is actively managed using proprietary strategies and processes. There can be no guarantee that these strategies and processes will produce the intended results and no guarantee that the fund will achieve its investment objective. With short sales, you risk paying more for a security than you received from its sale. Short sales losses are potentially unlimited and expenses involved with the shorting strategy may negatively impact the performance of the fund.
The Fund is actively managed using proprietary investment strategies and processes. There can be no guarantee that these strategies and processes will produce the intended results and no guarantee that the Fund will achieve its investment objective. This could result in the Fund's underperformance compared to other funds with similar investment objectives.
There is no guarantee dividends will be paid.
Diversification may not protect against market loss.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Buying and selling shares will result in brokerage commissions. Brokerage commissions will reduce returns.
There are special risks associated with margin investing. As with stocks, you may be called upon to deposit additional cash or securities if your account equity declines.
Not FDIC Insured. May Lose Value. Not Bank Guaranteed.
SOURCE Cambria Investment Management