Momentum decides what is eligible. Value decides the weights.

RAS-F rebalances monthly across commodity indices, gold, TIPS and cash. Momentum screens out asset classes that are falling; proprietary value measures size what remains.

Allocates between: Commodity indices, gold, TIPS and cash
Rebalances: Monthly
Eligibility: Momentum: asset classes with negative momentum are excluded
Weighting: Proprietary value measures of expected return
Available as: A separate account, in TAMP format, as a commingled vehicle, or white-labeled

Why avoidance beats prediction

The hardest part of a real-assets allocation is not picking the winner. It is not being fully invested in the loser. Commodity complexes trend, and they trend for long enough that a strategy which simply declines to hold what is falling captures most of the available benefit without needing to call the turn.

Momentum here is a filter, not a signal to size on. Sizing is a value question, and the two jobs are kept separate deliberately.

Common questions

How does this differ from the diversified version?

RAS-F is the focused member of the pair: commodity indices, gold, TIPS and cash, with momentum setting eligibility and value setting weights. The diversified version adds timber REITs and blends momentum against value according to the volatility regime.

Can it be white-labeled?

Yes. Both real-assets strategies can be licensed by an RIA or asset manager wanting a branded inflation product without building the capability in-house.

Important. Nothing on this page is an offer to buy or sell any security or financial instrument, or a recommendation that any strategy is suitable for any particular investor. Strategies described may not be available to, or appropriate for, all investors, and not all strategies are appropriate at all times. The value of investments can fall as well as rise. Past performance is not necessarily a guide to future performance. Independent advice should be sought in all cases.

Other strategies

How this one sits alongside the rest.

Inflation strategy

US CPI Tracking Strategy

Most inflation protection asks you to accept commodity-scale volatility to get CPI sensitivity. This strategy was built to remove that trade-off, and has been run against monthly CPI for five years.

Dynamic multi-asset

Four Real Dynamic Multi-Asset

Four Real allocates across equities, inflation-linked bonds, commodities and cash using two durable signals: a real yield tilt and a relative-value tilt.

Real assets, diversified

Diversified Real Assets (RAS-D)

RAS-D optimizes a momentum sub-strategy and a value sub-strategy separately, then allocates between them according to the prevailing volatility regime.

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