Global Macro Portfolios: PANOPTIC
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Champion’s Global Macro Strategies are diversified international equity portfolios with a particular emphasis on emerging markets. Investments in countries and sectors that are poised to experience favorable intermediate to long-term growth are sought. Champion considers the following key factors: trading patterns, capital flows, inflation rates, economic growth differentials and valuation levels. In addition, portfolio risk is managed by diversifying among uncorrelated assets as well as taking careful consideration of a country’s stability. In developing the asset allocation, Champion adheres to an investment approach that integrates quantitative historical analysis, forward-looking analysis and top-down macroeconomic analysis.
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PANOPTIC – or Global Macro International Equity Strategy – provides institutional investors an equity allocation strategy that has the goal to enhance the dollar returns of an un-hedged global equity market portfolio. Our macro based quantitative models assesses the relative attractiveness of at least 25 developed (15) and emerging (10) countries. Countries are ranked according to equity valuations, economic growth potential, monetary and currency conditions, and geopolitical risks. Our proposed equity allocation is compared to three indices - the MSCI World, MSCI World X-US and MSCI Emerging Market Indices – for country, region, currency, and industry sector concentrations. Our primary index, the MSCI World, is the index by which this strategy is ultimately measured compared.
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YTD Performance as of 06/30/10
Monthly performance screen shots above are calculated using model based portfolios on a monthly total return basis and include all realized and unrealized capital gains and losses (trade-date basis), as well as dividends and interest on cash balances. Portfolio performance does not experience any inflows or outflows. This model portfolio performance reflects all of the changes made to the asset allocation and fund selection throughout the history of the portfolios. Performance results are stated before (gross of) management fees, advisory fees, custodial and transaction fees. Returns are net of mutual fund and exchange-traded fund expenses. The historical rates of return should not be relied upon as indicative of future results.
Quarterly Performance as of 06/30/10 
Performance results are calculated using wrap composite returns through August 07 and model based portfolios returns July 07 to April 03 on a monthly total return basis and include all realized and unrealized capital gains and losses (trade-date basis), as well as dividends and interest on cash balances. Model portfolios do not experience any inflows or outflows. The model portfolio performance reflects all of the changes made to the asset allocation and fund selection throughout the history of the portfolios. Performance results are stated before (gross of) management fees, advisory fees, custodial and transaction fees. Returns are net of mutual fund and exchange-traded fund expenses. The U.S. dollar is the currency used to express performance. The historical rates of return should not be relied on as indicative of future results. Estimated yield is based on weighted values of Morningstar Trailing 12-Month Yields. Not FDIC insured. May lose value. No bank guarantee. Investors should also be aware that other performance calculation methods may produce different results and comparisons of investment results should consider qualitative circumstances and should be made only for portfolios with generally similar investment objectives. Please review the mutual fund and exchange-traded fund prospectuses before investing. Additional information regarding policies for calculating and reporting returns is available upon request, in addition to Champion Capital Research’s ADV, 713.974.8883.
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