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 -0.18% last week with gains by our Asia Tech ETF (ASIA) +2.53% and Global X Battery Tech & Lithium ETF (ACDC) +2.53% being offset by falls by the BetaShares Gold Miners ETF (MNRS) -4.66%, Global X Funds Copper Miners (COPX) -3.86% and BetaShares Strong Australian Dollar ETF (AUDS) -3.51%.
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 but at this stage of the $US’s cycle we plan to be pedantic on entry.
This morning we’ve taken a quick look at our worst performing position last week i.e. our bullish gold exposure.
