LIFE + LIBERTY INDEXES
Investment Philosophy
Freedom-weighting
Quantitative personal and economic freedom metrics are primary allocation drivers in our investment process.
Top-down approach
Because governments are best positioned to protect freedom, freedom metrics are most effectively captured on the country level.
Comprehensive freedom metrics
Freedoms are interconnected. Civil, political, and economic freedoms work together and should be measured as a composite.
Ex-SOE
State owned enterprises are less efficient than private companies, even in freer markets.
Freedom makes better markets
Freer markets grow more sustainably, experience faster recovery, and use their labor and capital more efficiently.
Investment process
Starting Universe = 24 Emerging Market Countries
Country Level Market Capitalization Screen
Freedom Weighted Country Allocation
Security Selection ex-SOEs
FRDM
QUANTITATIVE FREEDOM METRICS
Civil
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Violent conflict
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Internal organized crime
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Terrorism
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Disappearances
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Detainments
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Torture
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Women's freedoms
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Rule of law
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Due process
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Judicial independence
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Plurality of political parties
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Freedom of movement
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Freedom of expression
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Freedom of religion
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Freedom of the press
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Freedom of assembly
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Freedom of association
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Internet freedom
economic
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Legal system and property rights
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Soundness of monetary policy
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Freedom to trade internationally
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Business, credit, and labor regulations
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Level of government interference in private markets
political
Data provided by Fraser Institute and Cato Institute.
Data usage does not imply endorsement of any investment product. All data used with permission.