Launches: TMAT

Launches: TMAT

Main Management debuts second ETF-of-ETFs.

Reviewed by: Heather Bell
Edited by: Heather Bell



Main Thematic Innovation ETF

Main Management rolled out its second ETF in late January. The Main Thematic Innovation ETF (TMAT) is actively managed and invests primarily in other ETFs in order to capture the theme of disruptive innovation.

TMAT comes with an expense ratio of 1.65%.

Main Management is, at its core, a firm driven by fundamental investment principles that strives for growth at a reasonable price across its strategies. TMAT looks to target disruptive and innovative themes with large market demand, seeking out those that seem to have been underestimated by the market, the prospectus says.

According to the document, the fund managers set price targets for different positions that may be frequently revised upward, and holds those positions until that price target is achieved or the opportunity dries up.

The firm points out that the targeted themes may take years to develop, meaning some positions potentially can be held for decades. The themes under consideration currently include everything from genomics to artificial intelligence to cloud computing to pet care.

The portfolio generally holds five to 15 ETFs. TMAT can also implement options strategies in the form of covered calls and covered puts to smooth performance or enhance returns, according to its prospectus.

Source: Data and information as of 1/31/2021.
The above sidebar covers launches and closures for the month of January 2021

Heather Bell is a former managing editor of She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.