GTAA: ETF Version Of The Ivy Portfolio

AdvisorShares Cambria Global Tactical ETF (GTAA), an actively-managed absolute return fund of funds (ETF of ETFs), began trading yesterday (10/26/2010).  The sponsor hopes to preserve and grow capital by producing absolute returns with reduced volatility and drawdowns. GTAA is relatively expensive as other AdvisorShares offering, even after a 1.35% cap for the next eleven months.  Subadvisor Cambria will receive a 0.90% management fee as part of the overall expense ratio.  The fund’s basic investment approach is described by managers Mebane Faber and Eric Richardson in their book “The Ivy Portfolio.” According to the GTAA fact sheet (pdf), initial allocation by asset class will be stocks 31%, bonds 30%, real estate 15%, commodities 14%, and currencies 10%.  Each asset class is… . . . → Full Story: GTAA: ETF Version Of The Ivy Portfolio