Cambiar Investors Launches Aggressive Value ETF

Rhea-AI Summary

Cambiar Investors announces the launch of the Cambiar Aggressive Value ETF (NYSE Arca: CAMX), transitioning from the Cambiar Aggressive Value Fund. This actively managed ETF focuses on a concentrated portfolio of 20-30 high-conviction stocks, aiming for strong absolute returns and referencing the Russell 1000 Value Index. Cambiar President Brian Barish highlights value investing's resurgence, correlating with the higher cost of capital and growth stock performance challenges. Investors may find CAMX appealing as market leadership shifts towards value.

Positive

• Launch of Cambiar Aggressive Value ETF (CAMX) provides streamlined investment access.
• Transition from mutual fund to ETF allows refined investment parameters.
• Focus on 20-30 high-conviction stocks aiming for strong absolute returns.
• Potential for increased tax efficiency and lower expenses for investors.

Negative

• Investing in the ETF involves risks including potential loss of principal.
• Market conditions may adversely impact the Fund's performance.

With many investors shifting their focus to value, CAMX’s concentrated, active strategy offers potential to outperform

DENVER--(BUSINESS WIRE)-- Cambiar Investors, a leading global relative value manager, today announced the launch of the Cambiar Aggressive Value ETF (NYSE Arca: CAMX), a new actively managed exchange-traded fund providing investors with exposure to a concentrated, best ideas strategy in a streamlined and efficient wrapper.

Created from the conversion of the Cambiar Aggressive Value Fund, CAMX represents Cambiar’s first ETF and affords an opportunity to refine the predecessor mutual fund’s investment parameters.

“The American stock market has been a standout for more than a decade and is among the most exciting places to practice our proven Quality, Price, and Discipline (QPD) approach to value investing,” said Cambiar President and CIO Brian Barish, portfolio manager of the new ETF. “We believe the combination of increased tax efficiency and lower expenses, in conjunction with Cambiar’s longstanding price-sensitive investment discipline, results in an attractive proposition for investors looking to get greater exposure to high quality value businesses.”

Like the predecessor fund, the Cambiar Aggressive Value ETF will maintain a relatively focused portfolio of 20-30 high-conviction stocks, which is designed to result in a high active share portfolio that seeks to provide strong absolute returns over the market cycle. CAMX will reference the Russell 1000 Value Index as its primary performance benchmark, but its concentrated approach can also be evaluated on an absolute return basis.

The launch comes after a year in which U.S. value stocks outperformed growth for the first time in over a decade. “With the higher cost of capital and the performance woes of many long-duration growth stocks, we are seeing a great deal of interest in value,” said Barish. “For investors who believe there may be a shift in market leadership underway, we would position CAMX as an exciting satellite complement to any allocation model. A ‘best ideas’ value sleeve has the potential to deliver the kind of performance profile investors have come to only associate with riskier growth and speculative areas of the market.”

About Cambiar Investors

Cambiar Investors is a Denver-based investment management firm, founded in 1973. Cambiar utilizes a Quality | Price | Discipline investment philosophy that seeks to deliver strong risk-adjusted returns over a market cycle. Cambiar’s longstanding investment approach, coupled with our independent employee ownership structure, has helped to foster a corporate culture that shares a common pursuit of excellence with our clients.

Disclosure:

Investing involves risk, including the possible loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging Markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. With short sales, you risk paying more for a security than you received from its sale. Short sales losses are potentially unlimited and the expenses involved with the shorting strategy may negatively impact the performance of the Fund. The Cambiar Aggressive Value ETF is a non-diversified fund. The Fund pursues a “value style” of investing. Value investing focuses on companies whose stock appears undervalued in light of factors such as the company’s earnings, book value, revenues or cash flow. If the Adviser’s assessment of market conditions, or a company’s value or prospects for meeting or exceeding earnings expectations is inaccurate, the Fund could suffer losses or produce poor performance relative to other funds or market benchmarks. The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. There is no guarantee that the Fund will meet its stated objectives.

To determine if a Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Fund’s summary or statutory prospectus which can be obtained by calling 1-866-777-8227. Please read it carefully before investing.

Cambiar Funds are distributed by SEI Investments Distribution Co., 1 Freedom Valley Dr. Oaks, PA 19456, which is not affiliated with the Advisor. Cambiar Funds are available to US investors only. Strategies included within the Separate Account section are not mutual funds and are not affiliated with SEI Investments Distribution Co.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005759/en/

John Le, Director of Marketing and Analytics

jle@cambiar.com

(303) 302-9000

Source: Cambiar Investors

FAQ

What is the Cambiar Aggressive Value ETF (CAMX)?

The Cambiar Aggressive Value ETF (NYSE Arca: CAMX) is an actively managed ETF launched by Cambiar Investors, focusing on a concentrated portfolio of high-conviction value stocks.

What investment strategy does CAMX employ?

CAMX employs a value investing strategy, targeting 20-30 high-conviction stocks with the goal of delivering strong absolute returns over the market cycle.

When was the Cambiar Aggressive Value ETF launched?

The Cambiar Aggressive Value ETF was launched recently, converting from the predecessor Cambiar Aggressive Value Fund.

What benchmark does CAMX reference?

CAMX primarily references the Russell 1000 Value Index as its performance benchmark.

What are the risks associated with investing in CAMX?

Investing in CAMX involves risks including potential loss of principal, volatility from stock market fluctuations, and potential higher transaction costs.