Cambria Investment Management is behind today’s launch of a smart-beta take on global real estate securities. The actively managed Cambria Global Real Estate ETF (BLDG) relies on a quantitative methodology that takes into account metrics related to the value, quality and momentum factors.
BLDG comes with an expense ratio of 0.59% and lists on Cboe Global Markets, the parent company of ETF.com.
Companies must be classified as real estate investment trusts (REITs) or fall into the real estate sector designation of the Standard & Poor’s Global Industry Classification Standard, according to the prospectus. From there, an algorithm identifies companies that are attractive based on metrics related to the three targeted factors, and implements a momentum style of investment. It selects the 50 most attractive U.S. companies and the 50 most attractive companies outside the U.S., weighting all 100 stocks equally, the document says.
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