The Good Harbor Tactical Emerging Markets Index is an active index that seeks to have international equity exposure during times of anticipated market strength while allowing for a shift into a defensive non-equity position during times of anticipated equity market weakness.
Equity allocations are made to broad international indexes as well as single country indexes from the emerging markets universe. Defensive allocations are made to U.S. treasuries, cash and other sovereign debt vehicles.
Allocation decisions are driven by the Good Harbor Tactical Core Emerging Markets model which is based on an objective analysis of economic data, currency movements, momentum and yield curve movements. Index portfolio holdings are aligned to the model after each rebalance period, which typically occurs twice a month.