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 fell 0.57% in a fairly quiet week which saw no positions moving by 3% or more.
No change, this is portfolio which is largely positioned in accordance with our views across financial markets, we are only holding 5% in cash and the ETF we are primarily looking to buy finally corrected, its feeling like a good place to “dip our toe in the water”:
- Buy – the US traded URA ETF, we like this uranium ETF which looks to track companies involved in both mining and production of nuclear components.
- Sell – our ProShares Short 20+ Year Treasury ETF (TBF US) has not delivered as the weakness was focused in the short-end of the curve – frustrating but the reason for the position has gone for now.
- Sell – our ProShares Ultra Euro (ULE US) is not performing yet and we will be giving this more time but it’s definitely on watch.
MM likes the URA ETF in line with the evolving clean energy thematic
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