The Market Matters International Equities Portfolio is a high conviction direct international equities portfolio that targets well known global brands – Click here to view
The portfolio continues to endure a choppy / mixed June and overall it’s been disappointing to date. Over the course of the week the portfolio edged +0.29% higher, although that trailed the overall bullish market. Cash sits elevated at 25%.
We retain our views from last week and will now push the button on a number of ‘tweaks’, namely:
- Increase our US tech exposure through increasing our Trade Desk (TTD) and Zoom (ZM US) positions – buying an additional 2% and 3% respectively.
- Fund these purchases through taking a more than +100% profit on our Vale (VALE US) position.
- Buy software solutions business Snowflake (SNOW US), a fairly new tech IPO in the US which touched on last week – a 5% allocation.
- Buy cloud based commerce platform Shopify Inc (SHOP US) – a 5% allocation.
