Investing with the Fed: Index Strategy and Performance

This white paper explores the foundation and performance of the IFED strategy—a rules-based investment approach that uniquely blends top-down and bottom-up techniques. The strategy uses twelve firm-specific financial metrics for stock selection, tailored to prevailing market environments classified through Federal Reserve policy signals. This integration of macroeconomic insight with fundamental analysis makes the IFED strategy both dynamic and forward-looking.

The successful execution of this approach led to the launch of several IFED indexes, including the Nasdaq IFED-L and Nasdaq IFED-LV. Since their inception, these indexes have demonstrated substantial outperformance and resilience across varying market conditions. Over the 1999–2024 period, IFED portfolios consistently delivered high alpha, improved risk-adjusted returns, and effective downside protection—validating the efficacy of EIA’s research-driven framework.

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