SECF Research pioneers regime-aware index design and global equity valuation research, delivering forward-looking insights for institutional allocators.
Explore the SECF Index Suite, including the AFGI multi-factor benchmark family and regime-aware RAGI strategy index. Built on the Era-Factor framework, these rule‑based benchmarks deliver consistent, regime‑conditioned equity exposures across global, regional, developed and emerging markets for institutional asset allocation and portfolio risk oversight.
All AFGI regional indices share identical factor rules and quarterly rebalancing cycles, differing only by their geographic investment universe. RAGI inherits the AFGI global universe with an additional macro regime overlay.
Most equity benchmarks tell investors what the market is worth at a given moment; few explain what the market is actually worth relative to its fundamentals. The SECF Valuation Benchmark Indices were conceived to fill precisely this gap. They represent a distinct class of index — valuation-level benchmarks — designed to measure the fair-value position of global equity markets rather than to replicate market capitalisation or to express a directional trading view.
The SECF valuation framework was built on a deliberate methodological departure from conventional equity analysis
The SECF Valuation Benchmark Indices were designed to solve problems that conventional valuation tools leave unresolved. Their distinctive value rests on five pillars.
The Suite is engineered to deliver institutional investors a holistic valuation lens across global equity markets, covering distinct market-cap tiers and both developed and emerging market segments.
Understanding the valuation water level of a market relative to its history and to other markets informs whether a region is being accumulated, reduced or held at equilibrium from a valuation standpoint.
This document provides a bilingual (English-Chinese) introduction and analysis of the six core SECF indices: the flagship parent index SECF-AFGI and its regional derivatives (US, Europe, Developed Markets, Emerging Markets), together with the regime-aware strategy variant SECF-RAGI. Each index covers seven sections: Introduction, Factor Architecture, Regime Conditioning, Benchmark Differentiation, Portfolio Application, Risk Profile, and Methodology & Governance.
The Strategy Simulation Workspace enables researchers to test factor signals, combine multiple models, simulate portfolio allocations and evaluate strategy performance under different market conditions.
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A next‑generation global equity benchmark powered by SECF's proprietary Era‑Factor framework. It incorporates regime‑factor scores into constituent screening and weighting to adapt to macro‑cyclical, geopolitical and supply‑chain shifts, dampen exogenous systemic‑shock volatility, and offer a structurally‑resilient alternative to the conventional ACWI paradigm for multi‑asset allocation amid fragmentation.
Factor research often suffers from inconsistent naming, overlapping definitions and incomparable outputs. The SECF Factor Taxonomy creates a common structure for classifying signals, comparing strategies and reporting portfolio exposures.
