A leading US quantitative asset management firm has launched the Cambria Endowment Style ETF (ENDW), which has begun trading on NASDAQ. ENDW offers investors access to a diversified, global investment strategy designed to seek both income and capital appreciation.
Drawing inspiration from endowment-style investment approaches, Cambria’s ENDW is built to pursue returns across varying market conditions while maintaining an aggressive risk profile. The fund will target notional exposure of 130%-150% of total assets through a dynamic combination of Exchange Traded Funds and futures contracts to capitalize on opportunities across global markets.
“With ENDW, we’re excited to offer individual investors the potential benefits of an endowment-inspired investment strategy,” said Meb Faber, co-founder and CIO of Cambria. “Often investors do not have exposure to many of the assets and strategies we incorporate into the ETF, such as global equities, real assets, and strategies such as value and trend following. ENDW incorporates these to provide a comprehensive portfolio solution designed to thrive across economic cycles.”
ENDW joins Cambria’s growing lineup of ETFs with $2.6 billion now in assets under management. Cambria said this latest launch reflects its commitment to delivering innovative investment solutions that meet evolving investor needs.
The ETF launched with $98 million, funded by individual investors and advisors who exchanged separate account investment holdings for the new, tax-efficient (US) ETF. This marks the second ETF from Cambria and ETF Architect, joining Cambria Tax Aware ETF (TAX).
Tax efficient ETF investing
Cambria Tax Aware uses proprietary technology that lets US seed investors participate in a 351 Exchange – a contribution of appreciated securities into a new ETF through a non-recognition transaction under Section 351 of the Internal Revenue Code.
By leveraging this innovative structure, Cambria and ETF Architect have introduced a streamlined, accessible solution designed to overcome the complexities often faced with traditional tax-loss harvesting strategies.
“Our partnership with Cambria continues to produce ETFs that provide investors with sophisticated strategies traditionally reserved for institutional investors,” said Wes Gray, majority owner and strategic advisor of ETF Architect. “ENDW is yet another step forward in our mission to make these strategies widely accessible.”
