3 min readBy Ron Koren ETF Insider
EWZ VS EEM
Compare the EWZ and EEM ETFs with our thorough analysis. Dive into the performance metrics, underlying assets, and investment strategies.
The Cambria Foreign Shareholder Yield ETF (FYLD) is managed by Cambria Investment Management, L.P. (the Adviser). FYLD is an actively managed fund that seeks to invest at least 80% of its total assets in equity securities issued by publicly listed companies in developed foreign markets, excluding the United States. The fund aims to provide exposure to companies that offer high shareholder yield, which is defined as the total returns realized by investors through a company's cash payments for dividends, share buybacks, and debt paydowns.
The Cambria Foreign Shareholder Yield ETF (FYLD) focuses on achieving its investment objective by investing in publicly listed companies in developed foreign markets (excluding the US) that offer high shareholder yield. This yield is determined by considering various factors such as dividend payments, share buybacks, and debt paydowns made by these companies. FYLD's investment strategy involves selecting the top 20% of stocks in the initial universe of developed ex-US companies based on their shareholder yield, which is measured by dividend payments and net share buybacks. Additionally, value metrics like price-to-book ratio, price-to-sales ratio, and price-to-earnings ratio are taken into account to create a composite. FYLD aims to construct a portfolio of companies with the potential for both income and capital appreciation. The Fund's portfolio is regularly screened to limit exposure to any single country outside the United States to 30% of Fund assets, and its sector and geographic exposure may vary over time. FYLD may sell securities when deemed overvalued or to seize better investment opportunities, adjust holdings periodically to meet its investment criteria, and target allocations.
The FYLD ETF, managed by Cambria Investment Management, actively tracks developed ex-US markets, excluding the United States. This ETF aims to achieve its investment objective by investing at least 80% of its total assets in equity securities, including common stock and depositary receipts, issued by publicly listed companies in countries such as Australia, Austria, Belgium, Canada, Denmark, and more. The fund focuses on companies that provide high shareholder yield, which encompasses cash payments for dividends, buybacks, and debt paydowns. Cambria employs a quantitative model to select the top 20% of stocks based on their shareholder yield, incorporating additional value metrics like price-to-book ratio, price-to-sales ratio, and others. The fund's portfolio typically limits exposure to any single foreign country to 30% of assets and may invest in companies of varying market capitalizations, providing investors with a diversified approach to investing in developed foreign markets.
The correlation aspect of the Cambria Foreign Shareholder Yield ETF (FYLD) is primarily related to its investment strategy. FYLD seeks to achieve its investment objective by investing in equity securities of publicly listed companies in developed foreign markets excluding the US that provide high shareholder yield. Given its focus on shareholder yield, FYLD's correlation is influenced by the performance of these foreign companies and their ability to generate returns through dividends, share buybacks, and debt paydowns. While FYLD's correlation with the broader U.S. equity market may vary, investors can use ETF Insider's web app to study its correlations with specific regions, sectors, or assets to make more informed investment decisions. This tool provides deep and insightful data visualization, helping investors identify correlations and overlaps within FYLD's portfolio for effective portfolio management.
The Cambria Foreign Shareholder Yield ETF (FYLD) primarily focuses on the developed foreign markets excluding the US. FYLD aims to invest at least 80% of its total assets in equity securities issued by publicly listed companies in developed ex-US countries that provide high shareholder yield. Developed ex-US markets include countries such as Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Italy, Ireland, Japan, Jersey, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The fund utilizes a quantitative model to select stocks with strong shareholder yield characteristics, including dividend payments, net share buybacks, and debt paydowns, aiming to generate income and capital appreciation for investors. While FYLD generally seeks to maintain equal-weighted stock positions, the sector and geographic exposure of the fund may vary over time.
The exposure of the Cambria Foreign Shareholder Yield ETF (FYLD) is centered around achieving high shareholder yield by investing in equity securities of publicly listed companies in developed foreign markets, excluding the United States. This actively managed fund, guided by Cambria Investment Management, focuses on companies that provide returns to shareholders through dividends, buybacks, and debt paydowns. Developed ex-US markets, such as those in Australia, Canada, the United Kingdom, and various European countries, are the primary geographical regions of exposure for FYLD. The fund''s investment strategy is designed to capture income potential and capital appreciation by selecting stocks with the highest shareholder yield and favorable value metrics, and its sector exposure may vary over time, with significant holdings in sectors like energy, financial services, materials, and industrials as of the last available data. ETF Insider''s web app can provide detailed insights into FYLD''s exposure and help investors understand its positioning in various markets and sectors while offering tools to analyze correlations and overlaps within their portfolio.
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3 min readThe FYLD ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
ETF Insider is a novel portfolio optimization tool that uses the power of data visualization to gain insight into portfolio compositions, concentration risks, portfolio efficiency and more. Complex financial data can be transformed into visually appealing and easily digestible graphs and charts, allowing investors to quickly identify trends and make well-informed investment decisions. Not only does this save time, but it also increases the accuracy and effectiveness of portfolio management.
