Alternative Investments/Real Estate: New Global Real Estate ETF From Cambria

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The actively managed ETF lists on Cboe.

Cambria Investment Management, which focuses on alternative investments using quantitative asset management techniques, has launched a new real estate fund. (Cision PRNewswire)

The Cambria Global Real Estate ETF (BLDG)

The fund will invest in securities of domestic and foreign companies principally engaged in the real estate sector and real-estate-related industries. These should exhibit favorable multi-factor metrics, such as value, quality, and momentum, according to a quantitative methodology developed by Cambria.

Accordingly, the securities must be categorized either as equity REITs, or engaged in real estate management and development, as per the Global Industry Classification Standard (GICS).

The actively managed fund will seek income and capital appreciation and charge an expense ratio of 0.59%.

“We view real estate as a core piece of the investment opportunity set, and BLDG offers investors global active exposure to real estate through a thoughtful, multi-factor approach focused on value, quality, and momentum,” commented Meb Faber, Cambria co-founder and CIO. “BLDG fits nicely with our firm’s mission of engineering ETFs that focus on absolute returns with low correlation to traditional assets.”

Real estate: New home sales in the U.S.

The Census Bureau reported Thursday that new home sales in August occurred at a seasonally-adjusted, annual rate of 1.011 million.

This was the first time since 2006 that sales of new single-family homes exceeded an annual rate of 1 million, according to MarketWatch.

Another interesting statistic – according to an economist, already, more new homes have sold in 2020 than they did in all of 2019.

The boom times in new homes is due to a severe scarcity of existing homes coming up for sale. Realtor.com reported that after the start of the pandemic, existing homes listed for sale are down by a number of 400,000 compared to 2019.

Another factor responsible for the uptick in new home sales is record low-mortgage rates. By current reckoning, this trend is likely to continue.

Related Story:  Homebuilder ETFs In A Bull Grip

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