The AdvisorShares Cambria Global Tactical ETF (NYSE: GTAA) has topped USD100m in assets. GTAA is managed by Mebane Faber and Eric Richardson of Cambria Investment Management.
“This is an exciting moment for our team. To have raised over USD100m in assets in GTAA after just four months is something we are all very proud of,” says Noah Hamman (pictured), CEO and Founder of AdvisorShares. “Investors have quickly embraced the GTAA investment strategy and are showing their confidence in the GTAA portfolio management team, AdvisorShares and the Active ETF structure. We recently lowered GTAA’s expense cap based on the operational efficiencies that have been achieved, due to its phenomenal asset growth.”
Mebane Faber, Chief Investment Officer of Cambria, says, “We have been thrilled with the growth of GTAA as we believe that investors need to be more proactive in managing their risk and are glad that our message is resonating with investors.”
Cambria utilises a quantitative approach with strict risk management to actively manage GTAA’s portfolio in an attempt to mitigate downside losses and protect capital.