CHICAGO and MILWAUKEE, June 03, 2024 (GLOBE NEWSWIRE) — Tidal Investments LLC (“Tidal”) is proud to announce the launch of its newest exchange-traded fund (ETF), Cambria Chesapeake Pure Trend ETF ($MFUT), from Cambria Investment Management and Chesapeake Capital Corporation. The Company is proud to bring together these two valued partners in the launch of this innovative fund.
Meb Faber, co-founder and chief investment officer at Cambria Investment Management and portfolio manager for the fund’s cash strategy, spoke about the fund’s objectives and strategy: “Cambria Chesapeake Pure Trend ETF ($MFUT) seeks capital preservation and long-term capital growth using a proprietary systematic trend-following strategy. MFUT seeks opportunities across currencies, commodities, fixed income and equities. We are pleased to partner with the Chesapeake team to introduce the Pure Trend Managed Futures strategy to our ETF lineup.”
Jerry Parker, CEO of Chesapeake Capital Corporation, shared his excitement about the partnership: “We are excited to partner with Mebb and Cambria Investment Management to launch the Cambria Chesapeake Pure Trend ETF ($MFUT). This partnership marks a major step forward in providing investors with access to a powerful trend-following strategy that leverages our trend-following expertise. We believe MFUT offers an exceptional opportunity for investors to diversify their portfolios and achieve long-term growth through a systematic and disciplined approach to market trends.”
For more information on MFUT, see Cambria Chesapeake Pure Trend ETF (MFUT) | Cambria Funds
About Tidal Investments LLC
Founded by ETF industry pioneers and thought leaders, Tidal Investments LLC aims to revolutionize the way ETFs have historically been developed, launched, marketed and sold. Focused on growing AUM, Tidal offers comprehensive services, proprietary tools and methodologies designed to bring enduring ideas to market. Tidal is driving ETF innovation. The company’s mission is to provide issuers with the information and tools they need to launch ETFs efficiently and effectively, optimizing their growth potential in a competitive field. For more information, please visit https://www.tidalfinancialgroup.com/.
About Chesapeake Capital Corporation
Chesapeake Capital Corporation operates as an investment management company. The company provides portfolio management and advisory services to individuals, institutions, trusts, private funds, charities and investment companies. Chesapeake has been managing client assets for over 35 years. Chesapeake was founded by Jerry Parker to provide investment and portfolio management services to both individual and institutional investors worldwide. Based in Richmond, Virginia, Chesapeake’s team of dedicated investment professionals provides an institutional-grade quality infrastructure and is committed to operational excellence. For more information, please visit: Chesapeake Capital Corporation – Managing Client Capital for Over 30 Years
About Cambria Investment Management
Cambria Investment Management, LP (“Cambria” or the “Firm”) is an SEC registered investment adviser founded in 2006. Cambria is an independent, privately held investment adviser focused on quantitative asset management and alternative investments. Our mission is to preserve and grow capital by generating above average absolute returns with low correlation to traditional assets and manageable risk. Investment portfolios range from conservative, low volatility to aggressive, high volatility market products. For more information, please visit https://cambriafunds.com/index.
You should carefully consider the fund’s investment objectives, risks, charges and expenses before investing. This and other information is contained in the prospectus, which is available at www.cambriafunds.com. Please read the prospectus carefully before investing.
Cambria Chesapeake Pure Trend ETF (MFUT) is distributed by Foreside Fund Services, LLC, which is not affiliated with Cambria Investment Management, LP, the fund’s investment adviser.
Investing involves risks and may result in loss of principal.
ETFs incur a fee each time a “buy” or “sell” is executed. Depending on trading volume, fees and associated transaction costs may exceed the ETF’s low cost. Shares are bought and sold at market price (closing price), not at net asset value (NAV), and are not individually redeemed from the fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 PM Eastern Time (when NAV is typically determined) and are not indicative of the return you would receive if you traded at any other time. Buying and selling shares is subject to brokerage fees. Brokerage fees will reduce your return. MFUT: This fund is new and has a limited operating history. There is no assurance that the fund will achieve its investment objective. Investments involve risk and may result in the loss of principal. High-yield stocks are often speculative and risky investments. The fund’s underlying assets may be leveraged, which may expose holdings to greater volatility and accelerate the impact of losses. These companies may be paying dividends in excess of their ability to pay and may reduce or stop paying dividends at any time. This could have a material adverse effect on the stock prices of these companies and the Fund’s performance. Focused funds typically exhibit greater volatility. There is no guarantee that dividends will be paid. Diversification does not necessarily protect against market losses. MFUT is actively managed.
