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 Portfolio slipped -1.3% last week with our exposure to tech via Asian Tech (ASIA) -4.5% and the NASDAQ ETF 100 (NDQ) -6.8% continuing to struggle while the Ultra Euro ETF (ULE US) +3.9% and gold miners ETF (MNRS) +3.2% limited the downside.
As touched on last week MM is looking to “tidy up” a few positions at better levels over the coming months, things didn’t exactly go to script last week but importantly we saw nothing to make us question our stance. Hence our main focus at present is towards what / where we want to exit a couple of existing positions.
