MM’s Global Macro ETF Portfolio slipped -0.47% last week, if it hadn’t been for a sharp dip by Asian tech names things would have looked far better. The portfolio was positive in September up +0.22% while FY22 to date it is marginally lower by -1.19%.
MM’s Global Macro ETF Portfolio rallied 1.27% last week as our skew towards Energy and rising bond yields paid dividends. Overall we still like the portfolio mix but there are a couple of areas we may tweak and / or spend our 10% cash holding:
BetaShares Global Gold Miners Currency Hedged ETF (MNRS) is an ETF incorporated in Australia that aims to provide an investment return that tracks the performance of the Nasdaq Global ex-Australia Gold Miners Hedged AUD Index (the “Index”), before taking into account fees and expenses.