This article was written by Innealta Capital, a participant in the ETF Strategist Channel.
Important information
The information provided comes from independent sources believed reliable, but accuracy is not guaranteed and has not been independently verified. This presentation includes opinions of Innealta Capital (Innealta), a division of AFAM Capital, Inc., and the performance results of such recommendations are subject to risks and uncertainties. All opinions and views constitute our judgments as of the date of writing and are subject to change at any me without notice.
This material is not intended as and should not be used to provide investment advice and is not an o er to sell a security, or a solicitation, or an o er, or a recommendation, to buy a security. Investors should consult with an investment advisor to determine appropriate investment vehicles. Investment decisions should be made based on the investor’s specific financial needs and objectives, goals, me horizon and risk tolerance.
Any investment is subject to risk. Exchange traded funds (ETFs) are subject to risks similar to those of stocks, such as market risk. The value of an investment and the return on invested capital will fluctuate over time and, when sold or redeemed, may be worth less than its original cost.
Country/Regional risk is the chance that world events such as political upheaval or natural disaster will adversely affect the value of securities issued by companies in foreign countries or regions. Country/Regional risk is especially high in emerging markets. Emerging markets risk is de ned as the chance that stocks of companies located in emerging markets will be substantially more volatile, and substantially less liquid, than the stocks of companies located in more economically developed foreign markets.
The U.S. Federal Reserve Balance Sheet as a percentage of U.S. GDP is calculated as the month-end value of the Fed Reserve Balance divided by a 4-quarter average of interpolated U.S. nominal GDP. Prior to 2003, the balance sheet is de ned as Reserve Bank Credit. It is not possible to invest directly in an index.
Diversification on does not protect against loss in declining markets. Securites and Advisory services o ered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC. Innealta Capital and LPL Financial are not affilliated.
There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes. The purchase of certain securities may be required to e ect some of the strategies. Investing involves risks including possible loss of principal.
AFAM Capital, Inc. is a registered investment adviser. Al Frank Asset Management and Innealta Capital are divisions of AFAM Capital. AFAM is the investment advisor to individually managed client accounts and certain mutual funds. For more information, please visit afamcapital.com. Registration as an investment advisor does not imply any certain level of skill or training. Innealta is an asset manager specializing in the ac ve management of portfolios of ETFs. Contact your financial advisor for additional information. 365-AFAM-10/26/2017