Daily ETF Watch: Global Value ETF Launch

Mebane Faber is bringing his global value ETF to market today.

The Cambria ETF Trust, the entity owned by Mebane Faber’s California-based investment firm, today is launching the Cambria Global Value ETF (GVAL), which will look to make value plays in developed and emerging markets.

The fund is coming to market at a time when emerging and developed-market assets are under pressure as the Federal Reserve begins to wind down its quantitative easing. The upheaval is causing investors to look at all corners of the ETF market for yields.

The fund will track the Cambria Global Value Index, which uses systematic quantitative screens to attempt to avoid overvalued markets on both a relative and absolute level, according to a regulatory filing.

GVAL has an annual expense ratio of 0.69 percent, or $69 for every $10,000 invested.

Launches

On Thursday, March 13, State Street Global Advisors, the ETF issuer behind the $10 billion SPDR Barclays High Yield Bond ETF (JNK | B-61), is launching an international version of the successful flagship high-yield credit fund.

The SPDR Barclays International High Yield Bond ETF (IJNK) will have a primary listing on Arca, the New York Stock Exchange’s electronic platform, and will hold high-yield corporate credits from a variety of non-U.S. issuers.

No related expense ratio was immediately available for the fund.