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 fell -3.3% last week while enjoying small gains by the Invesco DB Agriculture Fund (DBA US) +0.4% and the Sprott Physical Uranium Trust (CAD) +0.4% who were both helped by the strong $US whereas the BetaShares Strong Australian Dollar (AUDS) -7.8% and BetaShares Global Gold Miners ETF (MNRS) -6.6% led the declines.
There is no change towards our 2 likely actions in the coming days/weeks for this portfolio i.e. very similar to how we increased our holdings in both Seek (SEK) and REA Group (REA) yesterday.
- We’re looking to increase our 5% position in the ASX traded BetaShares NASDAQ ETF (NDQ) following its pronounced weakness over the last week.
- Similarly we are looking to increase our 5% position in the BetaShares Treasury Bond 20+ year ETF (GGOV) as the likes of US 10-year yields challenge the 4% area.
Global Macro Portfolio Hitlist: BetaShares NASDAQ 100 (NDQ) ETF and the BetaShares Treasury Bond 20+ year ETF (GGOV) – both to move from 5% to 10%.
