On Tuesday Decemember 3rd, Cambria Investment Management rolled out an ETF in its series of “shareholder yield” ETFs. This one devoted to foreign stocks. The Cambria Foreign Shareholder Yield ETF [FYLD] is the second ETF that the firm has issued. Following suit of the Cambria Shareholder Yield ETF [SYLD], which debuted in May of this year, the [FYLD] will hold stocks from foreign developed-market countries. The fund will be passively managed and will track a Cambria-managed index of 100 companies with the best combined rank of dividend payments and net stock buybacks. The expense ratio for the fund is
previous post