American Independence Financial Services has rolled out four funds based on strategies from Cougar Global Investments, a Toronto-based investment manager specializing in global tactical exchange-traded fund portfolios.

American Independence Financial Services, a New York-based
investment advisory firm and manager of mutual funds and separate accounts, has
rolled out four funds based on strategies from Cougar Global Investments, a
Toronto-based investment manager specializing in global tactical exchange-traded
fund portfolios.

The funds are based on Cougar Global’s ETF-based macroeconomic
assessment of risk strategy, a macro-driven tactical ETF asset allocation
methodology offering downside risk protection.

American Independence will provide oversight, marketing,
administration and execution. The funds will be marketed to financial
intermediaries in the US.

The funds are as follows:

·       The MAR
Tactical Conservative Fund - which seeks returns while targeting at most a 5
per cent probability of loss – is targeted at clients seeking regular
withdrawals for income purposes.

·       The MAR
Tactical Moderate Growth Fund - which seeks returns while targeting at most a
10 per cent probability of loss - is for clients with occasional income needs
and moderate risk appetite.

·       The MAR
Tactical Growth Fund - which seeks returns while targeting at most a 15 per
cent probability of loss - is for clients with a long-term investment horizon.

·       The MAR
Tactical Aggressive Growth Fund seeks returns while targeting at most a 20 per
cent probability of loss. This fund is aimed at those clients with a long-term
investment horizon who are willing to tolerate higher volatility.