Cambria Investment Management, a California-based upstart investment adviser, has launched its third exchange-traded fund in an effort to expand the firm’s portfolio of the so-called “shareholder yield” products. The Cambria Foreign Shareholder Yield ETD (FYLD) is the global equivalent of a newly minted, but fairly successful domestic predecessor – the Cambria Shareholder Yield ETF (SYLD), which has already attracted more …
New ETFs On The Block: Cambria Shareholder Yield ETF (SYLD)
Cambria Investment Management, the El Segundo, California-based money manager of the AdvisorShares Cambria Global Tactical ETF (GTAA), has launched the first ETF in a lineup of funds that will provide exposure to yield rich equities both in the US and abroad. It’s the company’s first solo effort after teaming up with AdvisorShares on GTAA, a global tactical exchange-traded fund. The …