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 MM Global Macro ETF saw our portfolio fall -3.5% with the portfolio fully invested. The Global Gold miners (MNRS) -10.9% and Uranium Trust (U-U CN) -9.4% positions the biggest weights while our agricultural and Euro positions advanced +1.4% and 0.65% respectively.
MM had been planning to switch our short term foray into the BetaShares Nasdaq ETF (NDQ) into the long volatility position (VXX US) discussed earlier this month, we still like the idea but won’t be chasing just yet at current levels. Also we are still looking to cut at least one of our equities ETF’s at higher levels but we might be forced to take some medicine on at least one of these.
- MM is still looking to cut one of our Emerging markets (IEM) or Vanguard FTSE Europe (VGK) positions , ideally into strength.
