Cambria Global Tail Risk ETF (FAIL)
Cambria Global Tail Risk ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Manhattan Beach, CA, US. The stock last traded at $16.10, down 0.20% on the session, giving a market capitalisation of $1.6M. Its beta of -0.31 implies it has historically moved less than the broad market.
Under typical market conditions, the fund's bond holdings will commit a minimum of 40% of its total value to intermediate-duration, investment-grade U.S. Treasury securities and Treasury Inflation-Protected Securities (TIPS). Simultaneously, at least another 40% of its assets will be deployed into international sovereign debt. This portion includes both highly-rated (investment-grade) and lower-rated (non-investment-grade) government bonds from both established and developing nations, all maintaining short to medium maturities. Additionally, the investment adviser intends to dedicate approximately one percent of the fund’s total assets monthly to the acquisition of put options.
Cambria Global Tail Risk ETF is most often compared with the following Financial Services names: