Cambria Investment Management, an independent, privately owned investment advisory firm and ETF, has announced that it will waive all management fees on funds that are less than $50 million in assets.
This means ETF offerings such as Cambria Global Real Estate ETF, Cambria Global Tail Risk ETF and Cambria Micro and Small Cap Shareholder Yield ETF are waiving all management fees.
“We think it is only fair to provide these early investors with an incentive to invest when funds are small,” said the Cambria team.
The decision to waive fees in this manner comes as Cambria recognizes that asking investors to be early adopters can be difficult because many investors would rather wait until a fund crosses the $100 million or $1 billion mark of assets to make an investment.