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 portfolio added +1.10% in the week while cash sits at ~5%. No major change here which is common with macro portfolios, by definition we are only likely to significantly adjust holdings once or twice per year. Our primary view around interest rates is not yet supported by a position being that bond yields are looking for a low, we’re very close to pulling the trigger here and potentially leaving a resting bid in the market below recent lows.
MM likes the TBF ETF around the $US15.80 area
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ProShares Short 20+ year Treasury ETF (TBF US)
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ProShares Short 20+ year Treasury ETF (TBF US)
