The Cambria Global Value ETF (GVAL) is brought to investors by Cambria Investment Management, L.P. Established as an actively managed fund, GVAL seeks to attain its investment objective by allocating at least 80% of its total assets to equity securities, including common stock and depositary receipts, issued by publicly listed companies in developed and emerging markets that demonstrate strong value characteristics. Cambria employs a proprietary rules-based quantitative algorithm to select and manage the holdings within the fund, identifying countries with undervalued securities markets and equities displaying robust value characteristics. GVAL's portfolio aims to provide diversification across countries and market capitalizations, with a focus on value-driven investment opportunities worldwide.
The Cambria Global Value ETF (GVAL) may not primarily focus on dividends, but it aims to achieve its investment objective by investing in equity securities of publicly listed companies in developed and emerging markets that exhibit strong value characteristics. While the fund's primary focus is on value investing, it may still provide some level of dividend returns based on the individual dividend policies and performances of the underlying companies. Investors should note that GVAL's investment approach is primarily centered around identifying undervalued securities rather than seeking high dividend yields.
The Cambria Global Value ETF, known by the ticker symbol GVAL, primarily tracks an actively managed strategy that aims to invest at least 80% of its total assets in equity securities from publicly listed companies in both developed and emerging markets. The fund is managed by Cambria Investment Management, L.P., and it utilizes a proprietary rules-based quantitative algorithm for stock selection. This algorithm identifies countries with undervalued securities markets based on various value metrics, including the cyclically adjusted price-to-earnings ratio (CAPE Shiller P/E ratio), and selects equities domiciled or principally traded in these countries that exhibit strong value characteristics. Furthermore, the algorithm applies additional value metrics such as the price-to-sales (P/S) ratio, price-to-earnings (P/E) ratio, and enterprise multiple (EV/EBITDA) to individual equity securities. The ETF seeks to maintain diversified exposure to both developed and emerging markets, with a goal of limiting exposure to any single country outside the United States to 20% of the fund's assets. While the fund generally favors larger market capitalization companies, it may also invest in small- and mid-cap companies as part of its strategy. As of August 1, 2023, the fund had significant investments in the financial services and utilities sectors and exposure to companies in the Asia-Pacific region, Europe, and Latin America, but its sector and geographic allocations may change over time. Additionally, the fund may use U.S.-listed exchange-traded funds (ETFs) to gain exposure to equity markets and issuers in developed and emerging market countries as part of its investment approach.
The correlation aspect of the Cambria Global Value ETF (GVAL) is crucial for investors seeking exposure to global equity markets with a focus on value characteristics. GVAL is actively managed and aims to invest in equity securities of publicly listed companies in both developed and emerging markets that exhibit strong value metrics. While the specific correlations of GVAL with broader market indices may vary, investors often use GVAL as a tool for portfolio diversification and value-oriented investment strategies. To gain deeper insights into GVAL's correlations and overlaps with various asset classes, ETF Insider's web app provides a user-friendly visualization tool, allowing investors to make informed decisions based on data-driven analysis.
The Cambria Global Value ETF (GVAL) focuses on the global equity market, with an emphasis on countries and companies that exhibit strong value characteristics. The fund is actively managed and seeks to invest in equities issued by publicly listed companies in both developed and emerging markets. Cambria Investment Management, the fund's adviser, utilizes its proprietary quantitative algorithm to select holdings, identifying undervalued securities based on various value metrics, including the CAPE Shiller P/E ratio and other factors such as price-to-sales (P/S) ratio and enterprise multiple (EV/EBITDA). The ETF aims to maintain broad diversification by limiting exposure to any single country outside the United States to 20% of the fund's assets and expects to invest in a mix of large and mid-capitalization companies. As of August 1, 2023, GVAL had significant investment exposure to financial services and utilities sectors, as well as companies in the Asia-Pacific region, Europe, and Latin America. However, the sector and geographic exposure of the fund may change over time as it adjusts its holdings based on its quantitative algorithm and market conditions. Additionally, the fund may invest in U.S.-listed ETFs to gain exposure to various equity markets and issuers in developed and emerging market countries.
The exposure characteristic of the Cambria Global Value ETF (GVAL) highlights its approach to seeking value in developed and emerging markets worldwide. GVAL actively manages its portfolio by investing in equity securities of publicly listed companies that exhibit strong value characteristics. The fund''s investment advisor, Cambria Investment Management, utilizes a proprietary quantitative algorithm to select holdings, focusing on countries with undervalued securities markets as determined by various value metrics, including the CAPE Shiller P/E ratio. GVAL''s exposure encompasses a diverse range of countries, sectors, and market capitalizations, making it a valuable tool for investors seeking global value opportunities.
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