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Investing September 13, 2011
Cambria Files to Launch Actively Managed ETFs
September 13, 2011 (PLANSPONSOR.com) – Cambria Investment Management filed paperwork with the Securities and Exchange Commission to win the right to market its own line of actively managed ETFs, Index Universe reports.
Reported by Tara Cantore
The article states, the first fund the company is contemplating will be called the Cambria Domestic Equity Strategy ETF, and it will invest in stocks and ETFs that the adviser deems to be undervalued. The fund will use a quantitative strategy to actively manage the portfolio.
The “exemptive relief” Cambria is seeking is aimed at issuing transparent funds that would report their portfolio holdings every day.
In its paperwork seeking its own exemptive relief, Cambria said future ETFs it is contemplating might invest in open- or closed-end investment companies and/or ETFs.
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