NDQ, FANG and IVV ETFs
The returns from NDQ, FANG & IVV over the past 5+ years have been excellent but they don't feature in your ETF or Growth portfolios. Is there a reason for that? At what price would you consider these. Thanks
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Answer
Hi Ian,
These are all US tech facing ETF’s trading on the ASX, holding US stocks such as Nvidia, Microsoft, Apple etc.
- The MM Active Growth Portfolio only holds in the ASX200 stocks, not international hence these ETFs aren’t appropriate for this mandate.
- The MM International Equities Portfolio has held a number of FANG stocks over the years which have delivered excellent returns – we recently took a +386% profit from Apple.
- The MM ETF Portfolio holds 13% exposure in International Shares (VSO) which is up ~50%, its holdings are dominated by the mega-cap tech names. The portfolio is designed for broader exposure, and does not back individual sectors more than others, we let the broad-based indices the ETFs track make those decisions for us.
Hence on the surface we don’t own them but indirectly we have them largely covered.
