Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Market Matters Team Could I have your view on the FANG ETF - Is it time to get exposure to US Tech via this ETF? Would this ETF be one of your preferred options if you are not directly buying individual US Tech Co's? Your view on Alcoa (AAI) please -would you continue to hold or sell? regards Debbie
Hi Debbie,
We are bullish towards the NASDAQ as discussed through April. The ASX-traded FANG ETF holds 10 US big tech names with the notable omission of Tesla. In line with our underlying bullish view towards US stocks, including software stocks from the current depressed levels, we like the FANG ETF ~$30.75.
Also, we discussed alternative ETFs for exposure to global tech/AI in Friday’s report liking both the ASX-listed SEMI ETF and US-traded IGV ETF as an aggressive contrarian play.
Aluminium Prices have jumped after Iranian missile strikes disrupted major Middle East smelters, with production still reduced and likely taking 9–12 months to restart. This supply shock has driven upgrades to producers like Hindalco and Vedanta, and Morgan Stanley upgrading AAI this week, raising its PT by 25%.
If we held Alcoa (ASX:AAI) which has popped ~37% in the last 3-weeks we would be considering taking part profit, or moving back to our targeted weighting as we often do, especially ahead of earnings next week.
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