AdvisorShares Teams Up With Cambria On Active Global ETF (GTAA)

AdvisorShares continues to expand its footprint in the active ETF arena, announcing today the launch of the Cambria Global Tactical ETF (GTAA). The new fund comes out of a partnership with Cambria Investment Management, the firm run by Mebane Faber and Eric Richardson. Faber is perhaps best known for his 2007 paper A Quantitative Approach To Tactical Asset Allocation, in which he presented a quantitative market timing model designed to manage risk in various markets and deliver equity-like returns with bond-like volatility and drawdown. Along with Richardson, Faber co-authored The Ivy Portfolio, an influential book that offers average investors a strategy to mimic the world-beating returns posted by endowments at Harvard and Yale. Cambria has been managing separate accounts since 2007, and the firm’s global allocation models became particularly popular during the recent recession when the risk management strategies they implement allowed many investors to sit out much of the [...] Click here to read the original article on ETFdb.com. Related Stories: AdvisorShares Rolls Out Another Active ETF AdvisorShares Launches Mars Hill Global Relative Value ETF (GRV) Active ETF Pipeline: Previewing Some Exciting Funds On The Horizon