Market Update with Chris Gauthier, CFA - Stonehearth Capital Management's Semi-Annual Breakfast...
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Transcript of Market Update with Chris Gauthier, CFA - Stonehearth Capital Management's Semi-Annual Breakfast...
Stonehearth Capital Management
SCM Portfolio Construction
• Investment Philosophy
• Asset Allocation
• Security Selection
Investment Philosophy
• Long Term Full Cycle Investors• Manage Risk not Return• Don’t Lose the Money• Diversification
Asset Allocation
• 3 Risk Levels = 3 Portfolios
Conservative Moderate Aggressive
60/40 – Don’t Fix What Isn’t Broken
• 60% EQUITY• 45% US Equity
• 15% INTL Equity • 40% FIXED INCOME
Asset Allocation
Asset Class
ModeratePortfolio
Market Portfolio
Relative
ALTERNATIVE 30% 0% +30%
US EQUITY 37% 45% - 8%
INTL EQUITY 20% 15% +5%
FIXED INCOME 13% 40% - 27%
Asset Allocation
Security Selection Alternative
• Absolute Return
• Expected Return is > Inflation (Net of All Fees)
• Long Term Investment Themes
• Help Reduce Drawdowns
Asset ClassModeratePortfolio
Market Portfolio Relative
US EQUITY 37% 45% - 8%
Asset Allocation
Security Selection US Equity
• Factor Based (Please don’t call it smart beta)
• Expected Return is > US Equity
• Long Term Investment Themes
• Risk Management within the Portfolio
Asset Class
Moderate Portfolio
Market Portfolio
Relative
INTL EQUITY 20% 15% +5%
Asset Allocation
Security Selection International Equity
• Factor Based
• Expected Return is > Intl. Equity
• Long Term Investment Themes
• Risk Management within the Portfolio
Asset Class
Moderate Portfolio
Market Portfolio
Relative
FIXED INCOME 13% 40% - 27%
Asset Allocation
Security Selection Fixed Income
• Factor Based
• Expected Return is > Fixed Income
• Long Term Investment Themes
• Risk Management within the Portfolio
THANK YOU!If you would like more information or have any
questions or concerns pertaining to this presentation, please contact our office. We would be happy to speak
with you.
Stonehearth Capital Management199 Rosewood Drive, Suite 200
Danvers, MA 01923
Phone: (978) 624-3000Fax: (978) 624-3007
The information presented here is not specific to any individual's personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice. Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
Disclosure
