Fund.com Subsidiary AdvisorShares Set To Launch The Cambria Global Tactical ETF (NYSE: GTAA)
NEW YORK, Oct. 25 /PRNewswire/ -- Fund.com, Inc. (Pink Sheets: FNDMD), announced today that its subsidiary, AdvisorShares Investments, LLC, a developer and distributor of actively managed ETFs will begin trading the Cambria Global Tactical ETF (NYSE: GTAA) tomorrow, October 26th. GTAA is sub-advised by Cambria Investment Management, Inc., a Los Angeles, California- based investment manager.
Cambria will invest in underlying ETFs spanning all the major world asset classes including equities, bonds, real estate, commodities, and currencies. The Fund will utilize a quantitative approach with strict risk management controls to actively manage GTAA's portfolio in an attempt to control downside losses and protect capital. GTAA will do this by following a trend-based model utilizing multiple asset classes and will either be invested or will get defensive by going into cash for a particular asset class. The wide diversification coupled with prudent portfolio management may allow for the Fund to perform well across a full business cycle.
Noah Hamman, CEO and Founder of AdvisorShares, said, " Cambria has done an outstanding job developing research and education related to a GTAA strategy via their popular white paper, ' A Quantitative Approach to Tactical Asset Allocation,' and their recent book, ' The Ivy Portfolio.' We are very excited to be able to offer this risk-managing strategy to investors in an actively managed ETF."
Mebane Faber, Chief Investment Officer of Cambria Investment Management, said, "We are very excited to launch GTAA as we believe that investors need to be more proactive in managing their risk. Investors will appreciate the fact that we make no effort to forecast future market trends or direction, but rather attempt to capture profits in these trends when and where they develop."To request more information on AdvisorShares, please contact Richard Stern at 212-888-0044 or email@example.com. About Fund.com Fund.com's subsidiary, AdvisorShares Investments LLC, is creating actively managed ETFs to take advantage of the rapidly growing ETF business.
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