Though steady right now, global markets may face shockwaves going forward thanks to the uncertainty over Trump’s pro-growth pledges, Fed policy tightening, oil price upheavals and political issues in Europe. Several corners of the market may then witness modest sell-offs.In such a sticky situation, investors must want to be prepared and in the lookout for low-risk products. Due to this sentiment, Cambria recently introduced a fund, namely The Cambria Core Equity ETF CCOR.Inside CCORThe actively managed fund uses a host of strategies to offer capital appreciation while lowering risk quotient across market conditions. Under normal market conditions, at least 80% of the basket will be invested in equity securities. “The fund intends to invest the remaining value of its net assets in options where pricing provides favorable risk/reward models and where gains can be attained independent of the direction of the broader U.S. equity market,” as per the issuer.“The fund invests in high-quality companies across all industries and sectors, that have prospects for long-term total returns as a result of their ability to grow earnings and their willingness to increase dividends over time”, as per the factsheet. The fund also buys index put options that can guard the fund from any market crash.The fund holds about 59 securities and its expense ratio is 1.05%. SPY US 12/21/18 P215 (3.564%), Norfolk Southern Corp (1.991%) and Altria Group Inc. (1.925%) are its top three holdings. Industrials, Information Technology, Consumer Staples, Health Care and Financials have a double-digit weight in the fund.How Does This Fit in a Portfolio?Volatility has become the name of the investing game. Either ongoing or expected changes in monetary policy in various regions and the resultant impact on global markets as well as mixed bag data on otherwise recovering developed nations are suggesting volatile trading ahead for world markets. Overvaluation is the added worry (read: Are Stocks Really Overvalued? ETFs to Buy).This has caused many investors to seek refuge in low risk products rather than sticking to highly volatile options and waiting out the storm. Against such a backdrop, the newly launched product could be intriguing for those who want to stay invested in equities, but like the idea of focusing on minimum risk. The fund has the potential to outperform the broad market, especially if market uncertainty persists in the coming months.Competition The low volatility ETF space is almost packed, thus apparently leaving not much room for the funds to garner investors’ money. There are several low volatility ETFs, namely iShares Edge MSCI Min Volatility USA ETF USMV, PowerShares S&P 500 Low Volatility Portfolio SPLV, PowerShares Russell 1000 Low Beta Equal Weight Portfolio USLB, and Fidelity Low Volatility Factor ETF (FDLO) (read: Lower Risk in Your Portfolio with These ETFs).However, still the newbie can give others a run for their money thanks to its actively managed nature and a novel investment objective that sets it apart. However, First Trust Horizon Managed Volatility Domestic ETF (HUSV) can be a true competitor as it also follows active management.Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report POWERSH-SP5 LVP (SPLV): ETF Research Reports ISHARS-MS US MV (USMV): ETF Research Reports PWRSH-RU LBEWP (USLB): ETF Research Reports CAMBRIA-CORE EQ (CCOR): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report