A new regime of magnetoresistance (MR) in systems composed of magnetic laye
rs separated by non-magnetic modulated structures is studied. The ability t
o tailor the electronic structure of superlatticed systems enables one to e
ngineer contrasting spin-dependent transport properties, enhancing the magn
etoresistance ratios. When the system acts as a spin filter the MR ratios r
each values many orders of magnitude larger than those of conventional gian
t magnetoresistance. Rather than a mere enhancement of the magnetoresistanc
e ratios, this new regime involves ingenious combinations of spin-polarized
currents. Moreover, it results from a magnetic-field-induced metal-insulat
or transition along the modulation direction, characterizing a highly aniso
tropic transport behaviour. The existence of an insulating phase circumvent
s the experimental challenge of probing excessively small resistances in th
e current-perpendicular-to-plane (CPP) geometry of magnetoresistance. A pic
ture in terms of the hulk Fermi surfaces of the constituent materials emerg
es and provides general guidelines on how to achieve this regime.