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 gained +0.6% last week with the Global Copper ETF (COPX US) +3.2% the standout performer while the Sprott Physical Uranium Trust (U-U CN) +3.7% was the main drag.
Earlier this month we switched our US tech exposure over to healthcare through the DRUG ETF in line with our bullish macro view towards bond yields. As the market enjoys a prolonged period of “risk on” we’re now ready to make our next move which leaves one position “on watch”:
- We are still looking to scratch our Emerging Markets (IEM) position above the 60 level, or 6-8% higher.
