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 slipped -0.49% over the past week and -1.07% through August although the only position to move by over 5% in the last week of August was our volatility position (VXX US) which fell -5.3%. Again no major change here with most positions quiet through the week and we maintain the same plans moving forward as we look to tidy this portfolio to clearly / accurately reflect our macro outlook:
- We like the local BetaShares Global Energy Companies ETF (FUEL) around todays ~$4.20 area.
- We are looking to take a 14-15% profit on our BetaShares ASX200 Tech ETF (ATEC) position which has reached our target area.
- We like the ETFS Battery Tech & Lithium ETF (ACDC) into weakness towards the 85 area, or 6-8% lower.
- We like the ProShares Short 20+ year US Treasury ETF (TBF US) ideally into new lows ~$US15.75