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
This is currently a very defensively set portfolio and that was reflected in it’s performance during the week with the portfolio down -0.10% in a strong market. Cash sits at 15%.
Our small negative facing positions in the BBUS and VXX are struggling although our latest offsetting foray into Australian tech via the BetaShares ATEC ETF has started off nicely. At this stage we are comfortable with our positions from a medium-term perspective although short-term we may suffer if the $US bounces strongly – we’re 50/50 right here on this scenario but still like our positions longer term hence we are only considering taking some profits if we see a short-term sharp sell-off in the $US.
