Using the fund-of-funds investment strategy has proven quite successful for many US fund managers. First Trust Advisors, the Illinois-based seventh-largest issuer of exchange-traded funds, recently launched a dynamic version of its most popular sector-rotation ETF that can incorporate cash allocation during periods of heightened market volatility. The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) employs the same methodology …
New ETFs On The Block: Cambria Global Momentum ETF (GMOM)
Cambria Investments, the Los Angeles based fund manager better known for its alternative investment strategies, recently launched their fourth product that targets global momentum while adopting a quantitative strategy concurrently. The Cambria Global Momentum ETF (GMOM) is the second actively-managed fund from Cambria while the other two passively-managed funds are based on in-house indexes and focuses on value and shareholder …