© 2019 Life + Liberty Indexes

Freedom 100 Emerging Markets Index

A freedom-weighted emerging markets equity index for differentiated broad EM exposure.  

Investment Philosophy

Freedom-weighting

Quantitative human and economic freedom metrics are primary allocation drivers in our investment process.

Top-down approach

Because governments are best positioned to protect freedom, freedom metrics are most effectively captured on the country level.

Comprehensive freedom metrics

Freedoms are interconnected. Civil, political, and economic freedoms work together and should be measured as a composite.

Ex-SOE

State owned enterprises are less efficient than private companies, even in freer markets.

Freedom makes better markets

Freer markets grow more sustainably, experience faster recovery, and use their labor and capital more efficiently.

Investment process

Starting Universe = 26 Emerging Market Countries

Country Level Market Capitalization Screen

Freedom Weighted Country Allocation

Security Selection ex-SOEs

FRDM

QUANTITATIVE FREEDOM METRICS

life

CIVIL FREEDOM

  • Violent conflict

  • Internal organized crime

  • Terrorism

  • Trafficking

  • Disappearances

  • Detainments 

  • Torture

  • Women's freedoms

POLITICAL FREEDOM

  • Rule of law

  • Due process

  • Judicial independence

  • Plurality of political parties

  • Corruption and transparency

  • Freedom of movement

  • Freedom of expression

  • Freedom of religion

  • Freedom of the press

  • Freedom of assembly

  • Freedom of association

  • Internet freedom

property

ECONOMIC FREEDOM

  • Size of government

  • Legal system and property rights

  • Sound monetary policy

  • Freedom to trade internationally

  • Business, credit, and labor regulations

liberty

Data provided by the Fraser Institute, Cato Institute, and Friedrich Naumann Foundation for Freedom. 

Data usage does not imply endorsement of any investment product. All data used with permission.