Cambria Investment Management has partnered with ETF Architect to launch a new tax-aware exchange-traded fund strategy that aims to allow investors to efficiently deploy capital from separate account investments.
The Cambria Tax Aware ETF, which will trade under the ticker TAX, offers a streamlined and accessible solution that may address the challenges associated with traditional tax-loss harvesting strategies, according to the announcement.
The ETF will initially be seeded by investors looking to trade their holdings in for shares in the ETF, so that they can diversify tax free. Once initially seeded, the ETF will trade on an exchange like any other ETF and is open to public investors.
TAX will focus on U.S. stocks with value and quality characteristics and low or no dividend yields. By strategically managing its holdings, the ETF aims to generate capital appreciation without distributing high dividend income or taxable gains.
