Investment strategies can be divided into two categories: Active and Passive. While most investors adhere to one category, at Alhambra we recognize the potential benefits of both approaches. We construct and manage both passive and actively managed portfolios:

Our Strategic Portfolios are passive portfolios that are constructed based on the principles of Modern Portfolio Theory. The portfolios are invested using a static asset allocation model and then rebalanced periodically. The portfolios are constructed entirely of ETFs. These portfolios are low cost and tax efficient, but are not adjusted according to our economic outlook or any developing market trends. We offer 8 Strategic Portfolios, free for you to see:

• US Aggressive
• International Aggressive

• US Moderately Aggressive
• International Moderately Aggressive

• US Moderately Conservative
• International Moderately Conservative

• US Conservative
• International Conservative

The active investing approach is embraced in our Tactical Portfolios.

The Tactical Portfolios range from ETF-based trend-following models to all-stock or all-bond model portfolios that are actively managed. While we tend to use the same asset classes as are found in our Strategic Portfolios, the allocation to each asset class is adjusted using a top-down approach based on our economic outlook, as well as fundamental and technical analysis. The Tactical Portfolios are global in nature, but do not have specific geographic allocation requirements.

Continue to Our Portfolios for more details on how we invest and for complete performance figures for each model.