Cambria Global Momentum ETF (GMOM) is an exchange-traded fund that seeks to provide investment results that correspond to the performance of the Cambria Global Momentum Index. The index is designed to identify and invest in a diversified portfolio of global equity securities that have strong relative momentum characteristics.
The ETF invests in a broad range of companies from various regions and sectors, with a focus on those that demonstrate strong momentum characteristics. The momentum factor is a quantitative investment strategy that seeks to identify stocks that have shown strong positive price trends in the recent past, in the hope that these trends will continue in the future.
GMOM is managed by Cambria Investment Management, L.P., an investment advisory firm based in El Segundo, California. The ETF was launched in 2013 and trades on the NYSE Arca under the ticker symbol GMOM.
The expense ratio for GMOM is 0.59%, which is relatively low compared to other actively managed ETFs. However, it is important to note that as an actively managed ETF, GMOM may have higher expense ratios compared to passively managed ETFs that track an index.
|
