LOS ANGELES, Aug. 12, 2020 /PRNewswire/ -- Cambria
Investment Management, an independent, privately owned investment
advisory firm and ETF provider focused on quantitative asset
management and alternative investments today announced that Cambria
Tail Risk ETF (TAIL), was named Alternative ETF of the Year at the
2020 Fund Intelligence Mutual Fund Industry and ETF Virtual
Awards.
The awards, which recognize outstanding business leaders, the
best creative minds, and the top performers across US asset
management, were presented virtually on July
23rd.
"All of us at Cambria are
thrilled that TAIL has been recognized by Fund Intelligence as the
Alternative ETF of the year, and it's gratifying that others
see its innovative and low-fee approach can play an important role
in hedging against an equity market pullback," said Meb Faber, co-founder and the Chief Investment
Officer of Cambria Investment Management. "With today's
historically high equity market valuations, TAIL's active approach
has clear value for advisors and independent investors alike."
Cambria also announced that the
Cambria Tail Risk ETF surpassed $300
million in assets in July
2020.
The Cambria Tail Risk ETF seeks to mitigate significant downside
market risk. TAIL is engineered to hedge against significant US
equity market drawdowns through managed exposure to US Treasuries
and a ladder of "out of the money" put options purchased on the
U.S. stock market. TAIL also offers the potential advantage of
buying more puts when volatility is low and fewer puts when
volatility is high. While a portion of the fund's assets are
invested in the basket of long put option premiums, the majority of
fund assets will be invested in intermediate term US Treasuries. As
the fund is designed to be a hedge against market declines and
rising volatility, Cambria expects
the fund to produce negative returns in the most years with rising
markets or declining volatility.
About Cambria
Cambria Investment Management, LP ("Cambria" or the "Company") is a SEC registered
investment advisor that was formed in 2006. Cambria is an independent, privately owned
investment advisory firm focused on quantitative asset management
and alternative investments. The Company's mission is to preserve
and grow capital by producing above-average absolute returns with
low correlation to traditional assets and manageable risk.
Cambria investment portfolios and
ETFs span conservative low volatility to aggressive high volatility
market products. The firm manages 11 different ETFs and SMAs with
over $700 million in assets under
management: Cambria Shareholder Yield ETF (SYLD), Cambria
Foreign Shareholder Yield ETF (FYLD), Cambria Global Value ETF
(GVAL), Cambria Global Momentum ETF (GMOM), Cambria Global Asset
Allocation ETF (GAA), Cambria Emerging Shareholder Yield ETF
(EYLD), Cambria Value and Momentum ETF (VAMO), Cambria Sovereign
Bond ETF (SOVB), Cambria Tail Risk ETF (TAIL), Cambria Trinity ETF
(TRTY), and Cambria Cannabis ETF (TOKE).
Press Contact:
Tyler
Bradford
Hewes Communications
tyler@hewescomm.com
212-207-9454
Definitions:
Put option: A contract that gives the buyer the right, but not
obligation to purchase a security on or before a particular date at
a pre-determined price from a seller.
Long put option premium: Refers to being "long" or purchasing
put options.
To determine if this Fund is an appropriate investment for
you, carefully consider the Fund's investment objectives, risk
factors, charges and expense before investing. This and other
information can be found in the Fund's full or summary prospectus
which may be obtained by calling 855-383-4636 (ETF INFO) or
visiting our website at www.cambriafunds.com. Read the
prospectus carefully before investing or sending
money.
The Cambria ETFs are distributed by ALPS Distributors Inc., 1290
Broadway Suite 1000 Denver CO 80203, which is not affiliated with
Cambria Investment Management, LP, the Investment Adviser for the
Fund. Check the background of ALPS on
FINRA's BrokerCheck.
The Cambria Tail Risk ETF is actively managed.
An investment in the Fund involves risk. Some or all of these
risks may adversely affect the Fund's net asset value per share
("NAV"), trading price, yield, total return, and/or ability to meet
its objective. Cash redemption risk may require the fund to effect
redemptions, in whole or in part, for cash. Derivatives can be
volatile, and a small investment in a derivative can have a large
impact on the performance of the Fund as derivatives can result in
losses in excess of the amount invested. Options used by the Fund
to offset its exposure to tail risk or reduce volatility may not
perform as intended. The Fund may purchase options and invest in
other instruments that may be less liquid than other types of
investments. There is no assurance that the Fund will achieve its
investment objective. An investor may lose money by investing in
the Fund.
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SOURCE Cambria Investment Management, LP