- The Cambria Endowment Style ETF (ENDW, Financial) launched on NASDAQ with $98 million in assets.
- ENDW utilizes a tax-efficient 351 Exchange structure, offering endowment-style investing strategies with 130%-150% notional exposure.
- This marks Cambria's second ETF using the 351 Transaction technology, bringing their ETF portfolio to 18, managing $2.6 billion in assets.
Cambria Investment Management and ETF Architect have launched the Cambria Endowment Style ETF (ENDW) on NASDAQ, designed to offer diversified global exposure through strategies inspired by endowment-style investing. The innovative ETF targets a notional exposure of 130%-150% of total assets by leveraging ETFs and futures contracts across various global markets.
ENDW debuted with an impressive $98 million in assets, funded by investors who exchanged separate account holdings through a tax-efficient 351 Exchange structure. This strategic approach allows investors to contribute appreciated securities without triggering immediate tax consequences, offering a significant advantage over traditional tax-loss harvesting methods.
As part of Cambria's portfolio, which now includes 18 ETFs with a collective $2.6 billion in assets under management, ENDW aims to generate both income and capital appreciation while maintaining an aggressive risk profile. This involves incorporating global equities, real assets, and investment strategies such as value and trend following.
According to Meb Faber, co-founder and CIO of Cambria, ENDW is designed to provide individual investors access to institutional-grade strategies traditionally unavailable to them. The fund's aggressive leverage through notional exposure seeks to optimize returns across varied economic conditions.
This launch reiterates Cambria's commitment, alongside ETF Architect, to deliver innovative investment solutions tailored to evolving investor needs. Their shared mission is to make sophisticated investment strategies more accessible to a broader market.
