The ATAC Credit-On/Credit-Off Index (JOJO.Index) was created by Toroso Investments to track the conditions and allocations suggested by the relative price movements of the utilities sector relative to the broad stock market.
The JOJO.Index moves into either high yield bond ETFs or long term treasuries depending on the behavior of the utilities to stock market ratio.
The index rebalances weekly and is calculated by Solactive AG, with independent index administration provided by Market Vectors Index Services (MVIS).