Our investment process begins with a top-down Global Macro view of World economics and geopolitics.

Then our proprietary market models and analytical software build sector analysis up from the stock level.

Specially developed screens look at the best ETFs to gain tactical exposure to the sector, country, commodity, currency, or theme play we have a view on – all without single stock risk.

Finally we add a rich/cheap analysis to get a sense of relative value and bring some essential fundamentals into the picture to bring a “reality check” to the model-driven outputs when making our selections.

The entire process is essentially a risk-reward approach – making decisions that stack the odds of success as much in our favor as possible. To do this we look for alignment of multiple success factors, hence our investment decision process is known as “Probability Indicator Convergence” or “PIC”. We acknowledge that the market is ultimately smarter than we are, so we don’t pick investments – we let them “PIC” themselves.

In terms of asset allocation, we use a “core-plus” approach where the core exposure (US, Canada, EAFE, and Emerging Markets) has over 2,000 stocks underlying the ETFs.

We shift allocations dynamically within the specified ranges – adding short/bear exposure where appropriate to control risk.

Then we look to add our “Alpha ETFs” which bring in our sector, country, commodity, currency, or theme plays.