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Active US Large Cap Sector Rotation | Our Flagship
- Main Management was founded on the philosophy that sectors are a more efficient way to own equities than single stocks. Accordingly the strategy uses a disciplined investment process to rank and select market sectors that are trading below their historical averages on an absolute and relative basis. The firm also believes that undervalued sectors typically revert to their mean when the appropriate catalyst is present. A sector will be sold when its price target is achieved The strategy derives excess returns from the correct overweight and underweight of sectors relative to the S&P 500 benchmark. The portfolio is implemented using Exchange Traded Funds (ETFs). Inception: September 2002.
This strategy is also available as an ETF:
Thematic Innovation Rotation
- The Main Thematic Innovation Rotation seeks to achieve its objective through dynamic thematic rotation. Main focuses its research primarily on identifying emerging, disruptive, and innovative themes that have a large market demand or “addressable market.” The fund rotates among themes with large addressable markets which may range from nascent technologies to those on the cusp of widespread adoption and buys securities of ETFs investing in those themes.
This strategy is also available as an ETF:
BuyWrite Hedged Equity
- The objective of the strategy is to provide investors with high single digit / low double digit returns during a positive or neutral equity market while providing investors with protection during down markets. Main Management seeks to achieve this investment objective by investing in a portfolio of exchange traded funds (ETFs) selected through fundamental reversion to the mean analysis while utilizing a covered call writing strategy to dampen volatility. The funds fundamental asset allocation may include equity investments, debt investments, and diversifying investments. Inception: September 2004.
This strategy is also available as an ETF:
All Asset Dynamic
The portfolio seeks to replicate the risks and returns of sophisticated endowments and foundations using liquid investment vehicles. The portfolio managers select from a wide array of diversified asset classes to create a comprehensive, globally diversified solution. The strategy aims to provide investors with tax-aware, equity-like returns with substantially lower risk than the S&P 500 index. It maintains exposure to US Equities, International Equities, Fixed Income, and Diversifying/Non Correlated Investments and balances a core strategic asset allocation with carefully selected tactical trading strategies. We’ve included the ability to be flexibly positioned based on changing market environments. Risk management includes controlling volatility with targeted selling of covered call options. Benchmark is 70% MSCI All Country World Index – 30% Barclays Aggregate Bond Index. Inception: November 2006.
All Asset Risk Based Strategies:
Main recognizes the majority of portfolio performance is the result of allocation to the appropriate asset classes at the right point in the investment cycle. The portfolios are constructed using passive indexes through Exchange Traded Funds (ETFs) to create comprehensive, diversified portfolios of equities and fixed income focusing on consistency of returns. Each approach is a derivation of the firm’s All Asset strategy, a global balanced approach, with variations based on risk and/or age parameters.
Main Management All Asset Aggressive 100/0
Main Management’s Aggressive strategy is a variation of the Main Management All Asset strategy. The allocation is measured against a 100% global equities benchmark, although the holdings are dynamic. The portfolio is focused on maintaining a specific risk exposure.
- Portfolio offers exposure to US equities, international equities, fixed income, and non-correlated assets
- Asset allocation decisions are based on top-down, fundamental research
- Exchange traded funds (ETFs) are used for implementation
Main Management All Asset Growth 70/30
Main Management’s Moderately Aggressive strategy is a variation of the Main Management All Asset strategy. The allocation is measured against a 70% global equities/30% bond benchmark, although the holdings within each asset class are dynamic. The portfolio is focused on maintaining a specific risk exposure.
- Portfolio offers exposure to US equities, international equities, fixed income, and non-correlated assets
- Asset allocation decisions are based on top-down, fundamental research
- Exchange traded funds (ETFs) are used for implementation
Main Management All Asset Balanced 50/50
Main Management’s Moderate strategy is a variation of the Main Management All Asset strategy. The allocation is measured against a 50% global equities/50% bond benchmark, although the holdings within each asset class are dynamic. The portfolio is focused on maintaining a specific risk exposure.
- Portfolio offers exposure to US equities, international equities, fixed income, and non-correlated assets
- Asset allocation decisions are based on top-down, fundamental research
- Exchange traded funds (ETFs) are used for implementation
Main Management All Asset Conservative 30/70
Main Management’s Conservative strategy is a variation of the Main Management All Asset strategy. The allocation is measured against a 30% global equities/70% bond benchmark, although the holdings within each asset class are dynamic. The portfolio is focused on maintaining a specific risk exposure.
- Portfolio offers exposure to US equities, international equities, fixed income, and non-correlated assets
- Asset allocation decisions are based on top-down, fundamental research
- Exchange-traded funds (ETFs) are used for implementation
International Non-US Equity
- Main Management seeks to achieve long term capital appreciation by investing in non U.S. country and sector indexes. The portfolio utilizes a dynamic asset allocation approach which combines the benefits of both strategic and tactical allocation strategies. It employs a top down assessment to identify undervalued economic regions, countries and sectors. Rigorous fundamental analysis and a proprietary weighting methodology are key components of a disciplined allocation process. Concurrently, tactical allocations will be used to anticipate and respond to opportunistic shifts in the market. Benchmark is the MSCI All Country World ex US index. Inception: December 2007.
This strategy is also available as an ETF:
Yield Strategies
Yield Conservative
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Main Management’s Yield Enhancement Conservative Strategy aims to achieve its objective through careful evaluation of duration, maturity, yield and credit quality of fixed income ETFs, as well as fundamental valuations. The strategy seeks to provide yield above that of the benchmark while maintaining an underlying portfolio with a conservative risk profile that aims to preserve capital.
Yield Moderate
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Main Management’s Yield Enhancement Moderate Strategy seeks to achieve its objective through careful evaluation of duration, maturity, yield and credit quality of fixed income ETFs, as well as fundamental valuations. The strategy aims to provide yield above that of the benchmark while maintaining an underlying portfolio with a moderate risk profile.
Main Management claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Main Management is an investment adviser registered under the Investment Advisers Act of 1940.
To obtain a compliant presentation, and/or the firm’s list of composite descriptions, please contact Main Management at info@mainmgt.com
