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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