The Market Matters Global Macro ETF Portfolio Tracks our top 10 global macro calls, and provide avenues to trade them via ASX and internationally listed Exchange Traded Funds (ETF’s) – Click here to view
The MM Global Macro ETF Portfolio slipped -0.78% last week enjoying strong gains by the Invesco DB Agriculture Fund (DBA US) +3.6%, while the ETFS Battery & Lithium ETF (ACDC) also added +0.2%, on the other side of the ledger the BetaShares strong Australian Dollar ETF (AUDS) -4.7% and BetaShares Asia Technology Tigers ETF (ASIA) -3.3% weighed on the portfolio.
The MM “financial roadmap” through 2022 continues to evolve nicely and our stance of looking to increase “risk” positions into current weakness hasn’t wavered i.e. accumulation style:
- We’re considering where / how to increase our 5% position in the ASX traded BetaShares NASDAQ ETF (NDQ), ideally into a new spike low after the FOMC.
- Similarly we are looking to increase our 5% position in the BetaShares Treasury Bond 20+ year ETF (GGOV) post the FOMC, assuming of course the news doesn’t change our underlying opinion.
Global Macro Portfolio Hitlist: BetaShares NASDAQ 100 (NDQ) ETF and the BetaShares Treasury Bond 20+ year ETF (GGOV) i.e. tweaking existing positions
