American Independence Launches Mutual Funds Sub-Advised By Canada's Cougar Global

Eliane Chavagnon

8 January 2014

, 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.