BLDG Profile
The
Cambria Global Real Estate ETF (BLDG) is an exchange-traded fund that
invests in global real estate stocks. The ETF is designed to provide
investors with exposure to real estate companies that operate in the
developed and emerging markets. BLDG aims to provide long-term capital
appreciation and income while minimizing risk through a diversified
portfolio of real estate securities.
BLDG is managed by Cambria
Investment Management, L.P., which was founded in 2006 and is
headquartered in Los Angeles, California. The fund was launched on
March 30, 2017, and trades on the NYSE Arca exchange.
As of
September 30, 2021, the ETF has a total net asset value (NAV) of
$86.03 million and holds 98 securities. The fund has an expense ratio
of 0.59%, which is slightly higher than the average expense ratio for
ETFs.
The ETF is composed of real estate securities such as
real estate investment trusts (REITs), real estate operating companies
(REOCs), and other real estate-related companies. The top three
countries represented in the fund are the United States, Hong Kong,
and Japan. The top three industry sectors represented are real estate
management and development, real estate investment trusts, and real
estate services.
Investors in BLDG should be aware that
investing in real estate securities involves risks such as
fluctuations in property values, higher interest rates, and reduced
liquidity in times of economic uncertainty. Moreover, investing in
foreign securities exposes investors to currency exchange rate risks
and geopolitical risks. Therefore, investors should carefully consider
their investment objectives, risk tolerance, and other factors before
investing in BLDG or any
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