We offer the following stock index trend-following investment strategies for investors who want tax-efficient exposure to specific U.S. stock market indexes with comparatively lower downside risk and/or potentially higher returns. The asymetric risk-return characteristics of these strategies also make them a good alternative investment when combined with more traditional investments.

S&P 500 Trend-Following Strategy

This strategy is a stock index trend-following investment strategy that seeks to provide long-term capital appreciation over a full market cycle while also providing downside protection against major market declines. More specifically, this strategy seeks to produce returns that are comparable to those of the S&P 500 Index over a full market cycle, with substantially lower downside risk, by combining an investment in the SPDR S&P 500 Index ETF (SPY) with a proprietary, multi-factor trend-following hedge as a portfolio overlay. This tactical hedge is designed to reduce risk by moving the portfolio into defensive cash or fixed income investments when the current market environment suggests that the risk of owning stocks is high and keep the portfolio fully invested in SPY when the risk of owning stocks is moderate to low. In summary, this is a risk-controlled S&P 500 stock index strategy that is best suited for investors with a low to moderate risk tolerance. Fact Sheet>

Levered NASDAQ-100 Trend-Following Strategy

This strategy is a levered stock index trend-following investment strategy that seeks to provide substantial long-term capital appreciation over a full market cycle while also seeking to limit major portfolio drawdowns (i.e., peak to bottom declines). More specifically, this strategy seeks to produce returns that are greater than those of the NASDAQ-100 Index over a full market cycle, with lower downside risk, by combining an investment in the ProShares Ultra QQQ Levered NASDAQ-100 Index ETF (QLD) with a proprietary, multi-factor trend-following hedge as a portfolio overlay. This tactical hedge is designed to reduce risk by moving the portfolio into defensive cash or fixed income investments when the current market environment suggests that the risk of owning stocks is high and keep the portfolio fully invested in QLD when the risk of owning stocks is moderate to low. Due to its high volatility and use of leverage, this strategy is best suited for investors who have an aggressive risk tolerance. Fact Sheet>

Multi-Index Trend-Following Strategy

This strategy is a partially levered, composite equity index trend-following investment strategy that seeks to provide substantial long-term capital appreciation over a full market cycle while also seeking to limit major portfolio drawdowns (i.e., peak to bottom declines). More specifically, this strategy seeks to produce returns that are greater than those of the S&P 500 Index over a full market cycle, with lower downside risk, by investing in a portfolio made-up of a 40% allocation each to our S&P 500 Trend-Following and Levered NASDAQ-100 Trend-Following strategies along with a 10% unhedged allocation to the Vanguard Dividend Appreciation Index ETF (VIG). The portfolio is rebalanced when any component strategy exceeds its target weight by at least 25%. Due to its moderate to high volatility and partial use of leverage, this strategy is best suited for investors who have a moderate to aggressive risk-tolerance. Fact Sheet>

Contact Us to Learn More

To learn more about our strategies, please contact Mark Ricardo, President and Chief Investment Officer, at 703-740-1765 or mark@mercapitalmanagement.com.

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