HavenSphere® MHI 3.1 — The MagicDust HavenSphere® Index

A structured, investor-focused view of safe-haven behaviour.

Financial markets move quickly, but the forces that shape investor confidence — stability, trust, liquidity and cross-border resilience — evolve more slowly. When uncertainty rises, investors gravitate towards assets that demonstrate these characteristics consistently.

The MagicDust HavenSphere® Index (MHI) is designed to measure that behaviour in a disciplined and transparent way. Version 3.1 is the most refined edition of the framework so far. It incorporates a more robust interpretation method, an expanded global information base (MHIDS), and a clearer assessment of crisis behaviour and cross-border safety.

The aim is simple: to provide a clear, comparable view of where capital seeks safety, and why.

1. What the MHI Measures

MHI evaluates behaviours that define genuine safe-haven assets. These include:

• Stability — Whether the asset holds its value consistently, including during market stress.

• Liquidity — How easily investors can buy or sell without materially affecting the price.

• Crisis Behaviour — Whether investors move towards or away from the asset during uncertainty.

• Accessibility — How practical the asset is to own, manage and exit.

• Governance and Rule-of-Law Reliability — Whether the asset sits within a trusted legal and regulatory framework.

• Cross-Border Robustness — Whether the asset remains attractive across jurisdictions, currencies and political systems.

• Real Return Potential — Whether the asset can maintain or grow its inflation-adjusted value over time.

Each asset is then assigned a comparable MHI score out of 100.

2. How MHI 3.1 Is Built

2.1 Eleven Safe Haven Criteria (SHC)

These criteria define the attributes that matter most to investors seeking safety. The Index applies them uniformly to all assets.

2.2 MHIDS — The MagicDust HavenSphere® Index Data Sources

All scoring relies on MHIDS, our broad, independently sourced data architecture. It includes economic fundamentals, market behaviour, real estate flows, private-capital trends, geopolitical assessments and behavioural indicators.

2.3 Consistent Application Across Assets

Every asset is assessed using the same criteria and decision rules. This ensures comparability and fairness.

2.4 Investor-Specific Weighting

Different investor segments — such as pension funds, family offices and private individuals — assign different importance to liquidity, inflation protection and cross-border resilience. MHI 3.1 adjusts weightings accordingly, while keeping the underlying evidence the same.

2.5 Continuous Refinement and Upgrades

Each version of the Index integrates updated data, improved interpretation logic, and expanded MHIDS content.

3. What’s New in MHI 3.1

MHI 3.1 brings substantive improvements to the HavenSphere® framework:

3.1 Sharper Interpretation Methodology

Version 3.1 strengthens how the Index distinguishes short-term price noise from genuine changes in safe-haven behaviour.

3.2 Improved Crisis-Behaviour Calibration

The Index now uses more sophisticated pattern recognition to separate local shocks from systemic ones.

3.3 Refined Cross-Border Safety Assessment

MHI 3.1 includes a deeper analysis of geopolitical alignment, institutional reliability and cross-border trust.

3.4 Expanded MHIDS Architecture

The database has been broadened to include Gulf real estate sources, expanded private capital data, infrastructure flows, UK stability indicators, and additional global policy inputs.

3.5 Introduction of “Core Infrastructure & Real Assets”

MHI 3.1 formally includes this category, reflecting its growing use as a long-term safe-haven allocation.

3.6 Cleaner, More Transparent Weighting Logic

Version 3.1 improves the clarity of investor-weighting differences while keeping methodology unchanged.

4. Asset Classes Included in the Index

• Gold

• Major government bonds (US Treasuries, Gilts, Bunds, Swiss Government Bonds, JGBs)

• Swiss franc (CHF)

• Prime global residential real estate

• UAE & KSA prime markets

• Defensive equity sectors

• Private equity secondaries

• Core infrastructure and real assets

5. Why MHI 3.1 Matters

MHI 3.1 provides:

• A clear framework for comparing safe-haven assets

• A way to interpret policy decisions through a stability lens

• A disciplined mechanism for separating genuine signals from short-term noise

• A transparent methodology accessible to sophisticated professionals without specialist training

• A tool for understanding how safe-haven patterns evolve over time