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 just -0.05% last week with gains by our BetaShares US Treasury Bond 20+Yr ETF (GGOV) +0.62% and Global X Battery Tech & Lithium ETF (ACDC) +0.41% more than offset Asia Tech ETF (ASIA) +-3.22% and iShares MSCI Emerging Markets ETF (IEM) -2.3%. FY23 to date this portfolio is up 12.31% while it’s added a more modest 7.04% pa since inception (2019).
Global Macro Portfolio Hitlist: A long Japanese Yen ETF plus an increased resources exposure, both into weakness from current levels.
As touched on previously over the coming weeks / months, in line with our Hitlist above we are looking to increase our exposure to resources into weakness believing that our 10% positions in both the Copper Miners (COPX US) and Gold Miners (MNRS US) ETF’s is light considering our medium/long term view. However, this morning we’ve taken a quick look at one of our ideal funding vehicles, the DRUG ETF which hasn’t moved since our purchase last August.
