FYI: What a wreck index funds have made of the comfy, lucrative business of money management. They’ll provide a portfolio covering the whole stock market for free, or close to free. But if there are destined to be any crumbs left for managers of specialized portfolios, Mebane Faber, the cofounder and principal owner of Cambria Investment Management, aims to pick them up.
Faber’s menu of 11 exchange-traded funds includes no plain-vanilla portfolio tracking the U.S. market. One covers the globe with an outsize allocation to places like Turkey and Russia. Another selects high-yield companies but defines yield in a way that will befuddle coupon clippers. Yet another is a crash insurance policy.
Regards,
Ted
https://www.forbes.com/sites/baldwin/2018/12/04/exotic-etfs-11-funds-for-when-tracking-the-sp-500-isnt-good-enough/#226738136f83
