Sunday, February 11, 2007

Investing in Freedom

As a follow-up to Ken's post on economic freedom and prosperity, I would like to let everyone (both of you) know that you can now invest in the Economic Freedom Index. First Trust Advisers have created a fund that invests in the most free economies in the world as chosen by the Index.

The portfolio (IEFP) is made up of country funds or large foreign stocks from the top 20 countries labeled "free" by the annual Heritage/Wall Street Journal Index of Economic Freedom. (Countries are ranked by five categories: free, mostly free, moderately free, mostly unfree, and repressed.)

It will be interesting to see how this performs compared to, say, a fund which just tracks the S&P 500.

HT to the Club For Growth


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