GVAL: It's Time For Global Value To Shine

  • The Cambria Global Value ETF uses the CAPE ratio to identify and invest in the world's cheapest equity markets, and then buy cheap securities in those countries. The fund has underperformed since its 2014 launch, but it is significantly ahead year-to-date. I am not a huge fan of the CAPE valuation methodology and believe its flaws have contributed to past underperformance in the fund.