22/02/2023 09:18

iShares MSCI Emerging Markets ETF (IEM) $57.60

The emerging markets have bounced along with most indices from last October although a resurgence by the $US has weighed on performance over the last few weeks. This is a basket of stocks that run their own race and at this stage, we like the exposure as China’s reopening should help the Asian region in particular – we may consider exiting our IEM ETF position ~8-10% higher depending on how the China v central banks balancing act is playing out.

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07/12/2022 09:43

iShares MSCI Emerging Markets ETF (IEM) $58.20

This EM ETF has rallied +8.8% since it took its position in our list in late October, in line with our bullish outlook towards stocks and in particular China we can see an ongoing strength for emerging markets into Christmas.

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30/11/2022 09:11

Emerging Markets iShares ETF (IEM) $56.98

The Emerging Markets (IEM) ETF has corrected 34% over the last 18 months but in a similar fashion to our earlier discussions around Chinese stocks we can see the IEM trading 5-10% higher into Christmas – at this stage 28% of the ETF is made up of Chinese companies followed by India at 15% - the one headwind we are mindful of is if the $US bounces strongly from the 105 area because they have a clear inverse correlation. • We are initially targeting a test of the $60 area, or 5% higher – it might be tempting to take a small profit if this eventuates and months of treading water.

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26/10/2022 09:56

iShares MSCI Emerging Markets ETF (IEM US) $53.50

In line with our bullish outlook towards stocks and a pullback for bond yields & the $US we can see a sharp bounce for emerging markets into Christmas.

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17/08/2022 09:18

Global Macro ETF Portfolio

The MM Global Macro ETF Portfolio gained +0.6% last week with the Global Copper ETF (COPX US) +3.2% the standout performer while the Sprott Physical Uranium Trust (U-U CN) +3.7% was the main drag.

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03/08/2022 09:45

Global Macro ETF Portfolio

The MM Global Macro ETF Portfolio gained +2.47% last week with both of the battery & lithium ETF (ACDC) and the BetaShares Global Gold Miners ETF (MNRS) positions advancing over 6%, unfortunately, the BetaShares Asian Technology Tigers ETF (ASIA) dragged on the portfolio falling just under 6% courtesy of weakness in Tencent and Alibaba.

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20/07/2022 09:37

Global Macro ETF Portfolio

The MM Global Macro ETF Portfolio rallied +0.98% last week aided by strong moves in our Uranium Trust (U-U CN) +8.8% and the $A (AUDS) +3.7% while the standout drag across the portfolio came from our gold ETF (MNRS) -3.7%.

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25/05/2022 09:22

Emerging Markets iShares ETF (IEM) $57.32

The IEM ETF has a significant correlation to the $US as well as global equities and if our assessment is accurate and the $US is set to correct and stocks bounce we should see a strong few months for emerging markets stocks sooner rather than later.

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11/05/2022 09:42

iShares MSCI Emerging Markets ETF (IEM) $57.67

The ASX listed IEM ETF has traded sideways for around 2-months, not bad in today’s equities environment! MM is looking for a bounce towards the 62 area where we are likely to take a small profit and await a better opportunity.

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11/05/2022 09:41

Global Macro ETF Portfolio

The MM Global Macro ETF Portfolio fell -3.8% last week and remains fully invested. The Sprott Physical Uranium Trust (U-U CN) was whacked -9.2% during the week although the underlying uranium price stayed reasonably firm ~$US54, in other words, we saw some decent sized selling which pushed the trust to a deep discount to NTA, which we view as a buying opportunity.

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