Chartwell Launches World Freedom ETFfolio Based on Index of Economic Freedom

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The global investment advisory firm and ETF specialist, Chartwell Partners, has launched another global ETFfolio, the World Freedom ETFfolio, which is based on the Index of Economic Freedom published by the Heritage Foundation and the Wall Street Journal. The index ranks countries based on a grading system that includes ten freedoms such as property rights protection, investment freedom, tax rates, government intervention in the economy, business freedom, freedom from corruption and monetary, fiscal and trade policy. The idea is not just to rank countries but to track movement both up and down and to highlight the proposition that freedom and prosperity are highly correlated. The Freedom ETFfolio will join the seven other folios that are available through Chartwell Partners and the FOLIOfn platform. These folios include the Global Sector Rotation ETFfolio, the Conservative Core ETFfolio, the Country Rotation ETFfolio, the Asia Opportunity ETFfolio, the Global Long/Short Strategy ETFfolio, the Global Opportunity ETFfolio, and the Global Dividend/Income ETFfolio.

The global investment advisory firm and ETF specialist, Chartwell Partners, has launched another global ETFfolio, the World Freedom ETFfolio, which is based on the Index of Economic Freedom published by the Heritage Foundation and the Wall Street Journal.

The index ranks countries based on a grading system that includes ten freedoms such as property rights protection, investment freedom, tax rates, government intervention in the economy, business freedom, freedom from corruption and monetary, fiscal and trade policy. The idea is not just to rank countries but to track movement both up and down and to highlight the proposition that freedom and prosperity are highly correlated.

The World Freedom ETFfolio will join the seven other folios that are available through Chartwell Partners and the Foliofn platform. These folios include the following:

Country Rotation ETFfolio
Global Sector Rotation ETFfolio
World Freedom ETFfolio
Asia Opportunity ETFfolio
Global Long/Short Strategy ETFfolio
Global Opportunity ETFfolio
Global Dividend/Income ETFfolio

In a recent interview, Chartwell Managing Director Carl Delfeld explained that he has followed the Index of Economic Freedom for five years and launched the new ETFfolio because he believes that long-term oriented investors will benefit from a portfolio weighted towards countries that have a high degree of economic freedom. He stated that the "evidence is clear that economic freedom and prosperity go hand in hand and over time should be reflected in stock market performance."

For the 2008 Index of Economic Freedom, the top ranked countries are:

1)    Hong Kong
2)    Singapore
3)    Ireland
4)    Australia
5)    United States
6)    New Zealand
7)    Canada
8)    Chile
9)    Switzerland
10)    United Kingdom

Delfeld also mentioned that he is "very interested in countries that may be ranked rather low but show sharp or steady improvement in the annual rankings." He noted that the four BRIC countries, which collectively were up 55% in 2007, ranked poorly in the index with Brazil at #101, India at #115, China at #126, and Russia at #134.

Chartwell (http://www.chartwelladvisor.com) uses its eight ETFfolios to build global portfolios using a core/satellite strategy. Delfeld is a columnist for Forbes Asia, global investment strategist for New England Research & Management and is the author of "Think Global, Grow Rich", "The New Global Investor" and "ETF Investing Around the World".

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Carl Delfeld

Carl Delfeld
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