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 edged +0.13% higher over the past week although the only position to move by over 3% was the local tech ETF (ATEC) which gained +3.3%, cash remains at 5%. No major change here with most positions quiet over the week but we have a few plans moving forward as our view towards the likes of oil evolves:
- We like the local BetaShares Global Energy Companies ETF (FUEL) around todays ~$4.20 area.
- We like the ETFS Battery Tech & Lithium ETF (ACDC) into weakness towards the 85 area.
- We like the ProShares Short 20+ year US Treasury ETF (TBF US) ideally into new lows ~$US15.75
- We are looking to take a 14-15% profit on our BetaShares ASX200 Tech ETF (ATEC) position which is knocking on the door of our profit target.
In the near future MM is looking to switch between the local ETF’s ATEC and FUEL
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