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
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%.
No real change, we continue to like the portfolio mix which reflects our macro view towards financial markets but there remains a couple of areas we may spend / switch our remaining 10% cash holding:
- Locally traded ACDC ETF – We are looking to allocate 10% into the ETFS Battery Tech & Lithium ETF (ACDC), we are pondering a staggered approach of 5% around 90 and if possible 5% closer to $85.
- US based MNRS into COPX – We are considering switching half (5%) of our gold facing MNRS ETF position into Copper Miners ETF COPX we’ve already doubled our money here once let’s hope were not getting greedy!
MM is looking to buy the ACDC ETF and switch part of our MNRS position into the COPX
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