FPA Global Allocation ETF (FPAA)

FPA Global Allocation ETF (FPAA) is an actively managed fund of funds from First Pacific Advisors (FPA), launched in 2026. It seeks long-term capital growth through a balanced mix of global equities and fixed income securities.

The fund invests mainly in other FPA exchange-traded funds, combining a global equity strategy with a short-duration government bond strategy, and can add other funds as needed. FPA uses qualitative and quantitative research to set the allocation between stocks and bonds and adjust it over time.

The result is a multi-asset portfolio that offers global stock exposure alongside a defensive bond component in a single fund.