International Factor AIM Portfolio

Overview

Stats:
Funds:7
Acquired Fees:0.41%
TTM Yield:2.37%
Benchmark:IXUS

Inception Date: June 29, 2020

Investment Objective

The ETF Action International Factor Active Index Model (AIM) Portfolio's primary objective is to outperform the Global ex-U.S. Market as measured by the MSCI ACWI ex USA Investable Market Index.  To accomplish this objective the investment committee utilizes an actively managed process that is governed and implemented using a transparent and repeatable framework.

Key Facts

  • Selection universe limited to broad International ETFs covering value, momentum, growth, quality and low volatility as defined by the ETF Action classification system
  • Over/under weight positions driven by transparent, multi-faceted, and repeatable ratings process
  • Fully invested (no cash), does not use leverage or inverse funds

Philosophy

Returns across factor exposures can diverge widely based on a number of sub-factors including sector exposure, business cycle, macroeconomic environment, fundamentals, valuations, and sentiment. For example, companies with quality characteristics (ie: solid balance sheets, consistent earnings, low leverage) may outperform the broader market during an economic slowdown.  Similarly, companies that have strong positive sentiment and price momentum may outperform at other times.  The divergence in factor performance extends to different market developments, regions, and countries across the globe.

Following a disciplined process outlined in the methodology guide, ETF Action has created a proprietary process to track and identify the factors that we believe have an outsized chance to outperform over various time frames.

All ETF Action Model Portfolios are made available to subscribers for informational purposes only and do not represent actual investments. Full terms of service, including terms of use, copyrights, and disclaimers are available here.

Composition

Model Insights

International Factor AIM Positioning Guide

7.13.2020

International Factor AIM Positioning Guide

7.6.2020

International Value Factor: Neutral

6.29.2020

  • Macroeconomic: Neutral
  • Fundamental: Bearish
  • Relative Valuation: Bullish
  • Momentum: Bearish

International Quality Factor: Neutral

6.29.2020

  • Macroeconomic: Neutral
  • Fundamental: Bullish
  • Relative Valuation: Neutral
  • Momentum: Neutral

 

International Low Volatility Factor: Neutral

6.29.2020

  • Macroeconomic: Neutral
  • Fundamental: Neutral
  • Relative Valuation: Neutral
  • Momentum: Negative

 

International Momentum Factor: Overweight

6.29.2020

  • Macroeconomic: Bullish
  • Fundamental: Bullish
  • Relative Valuation: Overvalued
  • Momentum: Positive

 

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