Viewing as

Fundamental, with a catalyst

Valuation discipline sets the entry. An observable catalyst shapes the timing. The same two questions have governed every Main Management position since 2002.

See it in our strategies

The two questions behind every position

Valuation tells us where to look, and a catalyst tells us when to act. The first sets the entry and the second shapes the timing.

01
Valuation-driven entry
Entry is valuation-led.
Start with what is attractive relative to fundamentals and history.
Valuation vs. 10-year history (example: forward P/E)

Illustrative example. Past performance is not indicative of future results.

02
Catalyst-aware timing
Timing is catalyst-led.
The catalyst may be a cycle inflection, policy shift, rate move, earnings turn, or liquidity change.
Market and economic cycle (illustrative)
Policy shift
Rate move
Earnings turn
Liquidity change

The same philosophy underpins Main’s strategy lineup, model portfolios, and advisor partnerships.

The firm behind the process

Main Management was founded in 2002 as an early adopter of building active, transparent portfolios with ETFs — long before that approach was common. We’re partner-owned and independent, with no outside parent steering the research, and the same investment team runs every vehicle: the Main ETFs, model portfolios on the major platforms, and directly managed accounts for private clients and institutions.

i.

Partner-owned & independent

The firm has no outside owners, so the investment view answers only to the committee.

ii.

Refined through cycles

More than twenty years of refining the same process.

iii.

Major platform availability

Live on the platforms advisors actually use — LPL, Orion, Envestnet, GWN, Altruist, and more.

iv.

Active since 2002

The team you talk to today is the team running the portfolios.

The indicators behind the committee’s view

We monitor more than 450 macro, fundamental, and sentiment indicators, refreshed daily, across the asset classes we invest in. We look for conclusions that several independent indicators support.

i.

Valuation & fundamentals

The math of the position — what we are paying, what we are getting, how the trend is moving.

  • Forward P/E, P/B, P/S by sector and country
  • Historical percentile bands & relative valuation
  • Earnings revisions, margins, free-cash-flow yield
  • Analyst estimate dispersion & quality
  • Capex, buybacks, balance-sheet health

ii.

Macro & catalyst

The forces that move markets between asset classes — rates, growth, policy, the dollar.

  • Rates, credit spreads, yield-curve shape
  • ISM, PMI, and sector-sensitivity readings
  • Currency regime and USD direction
  • Policy, regulation, geopolitics
  • Commodity and capital-cycle inflections

iii.

Sentiment & technical

What the market is doing — positioning, breadth, flows, the things that move before fundamentals do.

  • Breadth and advance-decline composites
  • Positioning, flows, and short interest
  • Volatility regime and term structure
  • Relative-strength trend persistence
  • Cross-asset correlation breaks

Talk with the team

Walk through the current portfolio positioning, the two questions behind each weight, or how the framework would sit alongside what you already run.