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Asset Rotation Matthew P. Erickson

Asset Rotation By Matthew P. Erickson

Asset Rotation by Matthew P. Erickson


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Summary

An all-weather, tactical approach to asset management utilizing Exchange Traded Funds (ETFs) In Asset Rotation, portfolio management pioneer Matthew P. Erickson demonstrates a time-tested approach to asset management that has worked throughout the history of capital markets, in good times and bad.

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Asset Rotation Summary

Asset Rotation: The Demise of Modern Portfolio Theory and the Birth of an Investment Renaissance by Matthew P. Erickson

An all-weather, tactical approach to asset management utilizing Exchange Traded Funds (ETFs) In Asset Rotation, portfolio management pioneer Matthew P. Erickson demonstrates a time-tested approach to asset management that has worked throughout the history of capital markets, in good times and bad. Providing investors with strong participation in rising markets, but more importantly with a discipline to reduce participation in prolonged declines. Over time this revolutionary approach has yielded superior returns, with significantly reduced levels of risk; providing the engine for true, long-term sustainable growth. The investment world as we know it has changed, and the paradigm has shifted. What has worked in the past may no longer work in the future. No longer may bonds be regarded as a safe haven asset class, as for the first time in generations, investors in fixed income face losses as interest rates rise from historical all-time lows. For those adhering to a conventional Modern Portfolio Theory based investment approach to asset management, what was once regarded as safe and stable, may very well soon become our greatest impediment. Asset Rotation provides investors with a practical solution for today's real world problems. This tactical approach to asset management provides us with concrete proof that there is indeed a better way. We are standing on the precipice of an Investment Renaissance. What was previously impossible, is now possible. Find out how. * Presents an easy-to-understand price momentum-based approach to investing * Illustrates the benefits of asset rotation * Offers a systematic approach for securing a sound financial future * Provides further insights as to how to customize your own asset rotation portfolio Matthew Erickson gives investors a hands-on resource for how to navigate an increasingly difficult investment landscape, by providing them with keen insights into the most rapidly growing segment of the investment markets.

About Matthew P. Erickson

MATTHEW P. ERICKSON is the CEO and Chief Investment Officer for Renaissance Capital Management, LLC, a boutique investment management firm located in Metropolitan Detroit, Michigan. Concurrently, Matt also serves as the CIO for Legacy Planning & Associates, Inc., an affiliated financial planning firm based out of Grand Rapids, MI. Among Matt s primary functions is the day-to-day oversight and portfolio management of the firms proprietary investment portfolios. Each of the Renaissance Portfolios are managed in accordance to Matt s proprietary systematic and tactical methods of asset management, blending together three stylistically different approaches to investment management, including tactical managed ETF portfolios, opportunistic individual stock portfolios, and traditional Modern Portfolio Theory based allocations with a beta-rotation overlay. By combining these three unique approaches into one overarching portfolio, investors are provided with a higher degree of diversification. Prior to starting his own asset management firm, Matt was a partner in a successful wealth management advisory practice at UBS Financial Services, overseeing more than $350 million in private client assets. Matt and his wife Jill currently reside in Canton, Michigan with their daughter Mackenzie and son Jacob.

Table of Contents

Acknowledgments xi Prologue: David & Goliath xiii Preface: We Stand on the Precipice of an Investment Renaissance xv Chapter 1: taking the 30,000-Foot View 1 Where We Are Today The Individual Investor 1 Ockham s razor 3 Our Current economic Landscape 6 The Bottom Line 11 Chapter 2: When the paradigm shifts 13 Why What Worked in the Past May No Longer Work in the Future A primer on Modern portfolio theory 15 The treasury run 19 Losing Money in Bonds 29 The Bottom Line 32 Chapter 3: shooting stars 35 The Performance Realities of Mutual Fund Ownership The persistence of Manager performance 38 The Bottom Line 53 Chapter 4: Beyond the Stars 55 Suggestions for Investment Selection Criteria The Cost of Investing 58 Identifying Risk 64 Assessing the Investment Environment 73 The Bottom Line 76 Chapter 5: The Landscape Has Changed 79 The Proliferation of the ETF The ETF: What Is It? 80 A Brief History 83 The Use of ETFs in a Portfolio 86 The Bottom Line 94 Chapter 6: Challenging Convention 97 An Introduction to Asset Rotation A Time-Tested Approach 106 The 2000s 108 The 1990s 110 The 1980s 112 The 1970s 113 The 1960s 114 The 1950s 115 The 1940s 117 The Great Depression 118 From the Great Depression to Today 119 The Bottom Line 121 Chapter 7: Building a Better Mousetrap 123 Advanced Asset Rotation Building a Better Mousetrap 124 The 1990s 134 The 2000s 136 From 2010 to 2012 138 23 Years: 1999 2012 140 Going Toe to Toe with the Best 141 The Bottom Line 143 Chapter 8: Choose Your Own Adventure 147 Building Your Own Asset Rotation Portfolio Choose Your Own Adventure 148 Additional Factors to Consider: Eligible Risk Assets 149 Additional Factors to Consider: Eligible Flight to Safety/Fixed-Income Assets 159 Additional Factors to Consider: Criteria for Investment Selection 163 Creating a Scoring System 165 Required Due Diligence 167 The Bottom Line 168 Chapter 9: The Anatomy of Change 171 Setting Appropriate Expectations Benchmarking Success 172 The Four Seasons 175 When Equity Markets Rise 176 When Equity Markets Fall 177 When Equity Markets Move Sideways 180 When Equity Markets Move Sideways with Volatility 183 The Bottom Line 186 Chapter 10: Letting Go of Your Crutch 189 Integrating Asset Rotation into Your Overall Approach Citius, Altius, Fortius 190 Asset Rotation as a Core Approach 191 Baby Steps 195 Supplementing Either Equities or Fixed Income 195 Adopting a Core/Satellite Approach 198 The Bottom Line 200 Chapter 11: The Road Ahead 203 Real-World Solutions for a Changing Landscape The Bottom Line 205 About the Author 207 Index 209

Additional information

CIN1118779193G
9781118779194
1118779193
Asset Rotation: The Demise of Modern Portfolio Theory and the Birth of an Investment Renaissance by Matthew P. Erickson
Used - Good
Hardback
John Wiley & Sons Inc
20140902
240
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

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