ETF News - 12/13/2013 - InvestingChannel

ETF News – 12/13/2013

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

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