The Market Matters International Portfolio is a high conviction direct international equities portfolio that targets well known global brands – Click here to view
The portfolio fell -2.69% over the past week while cash now sits at 15% affording us some flexibility to accumulate stocks into any weakness. It was a tough time for a few of our holdings with Trade Desk Inc (TTD US), Alibaba (BABA US) and JD.com (JD US) all dropping by ~10% with 2 out of the 3 showing recent aversion to China since the tightened regulations is far from over. We’re not looking to aggressively increase our market exposure short-term but that is definitely our intention over the coming months. At this stage we are seriously considering one switch :
- Taking profit on our Samsung (005930 KS) position to establish exposure to on-line retail via goliath Amazon (AMZN US).
Our logic is straightforward, Samsung (005930 KS) has delivered MM with some excellent gains over the last 2-years but we now feel the stocks simply tired and there are better places for these funds. Alternatively we believe COVID has permanently changed peoples mindset towards on-line shopping / e-retail, I know I have and scale is the key here with Amazon perfectly positioned to extend its market dominance.
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Samsung Electronics (005930 KS) v Amazon.com (AMZN US)
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Samsung Electronics (005930 KS) v Amazon.com (AMZN US)
