Cambria Global Value ETF·Financial Services
Cambria Global Value ETF focuses on the cheapest countries in world based on cyclically adjusted price-earning ratios (CAPE) and the cheapest stocks within them based on traditional value metrics. Why GVAL?
Financial Services
Asset Management
2014-03-12
0.89
Market Peers







For years, value investing has felt akin to waiting for a train that keeps getting delayed. The market has rewarded unbridled growth at any price going back to the mid-2010s.

Cambria Global Value ETF employs a unique, globally focused value strategy via the ownership of "cheap" equities within markets which are themselves undervalued relative to the universe of global stock markets. Despite a recent 64% twelve-month return, GVAL's structural weaknesses and poor long-term record undermine its investment appeal. I assign a sell rating due to GVAL's over-reliance on blunt valuation ratios and insufficient consideration of geopolitical risks in "cheap" markets.