As we mentioned earlier there’s a strong argument to play this theme via ETF’s to mitigate individual stock risk. Locally we like the $344m ASX listed ACDC ETF which is currently hovering around its all-time high. We like this ETF but after travelling sideways for most of 2021 we see no compelling reason to chase any short-term strength, the risk / reward looks attractive into weakness back towards its February low.
NB the ETF has an excellent mix of local and overseas stocks including familiar names such as Pilbara Minerals (PLS), Galaxy Resources (GXY) and Mineral Resources (MIN).
MM likes the ACDC ETF in the mid $80 region
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