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 MM International Equities Portfolio had a strong week up +5.46% while cash remains at 4%. The main support from a performance perspective came from an aggressive bounce back in technology with The Trade Desk (TTD US) up 13.82%, PayPal (PYPL US) +11.50% while Exxon Mobil (XOM US) also benefitted from continued strength in energy prices, to be up +8.24%. Copper company Freeport-McMoRan (FCX US) the only real detractor down -5.77%. For the month of January, the portfolio was stronger adding +1.57% cushioned by the fall in the Australian Dollar which added +2.57% to performance.
We made some recent tweaks to this portfolio, switching BHP traded in London to Google Alphabet (GOOGL US) which has already bounced nicely, we’re not in any urgency to increase our 4% cash position or change too much but Amazon (AMZN US) is under scrutiny as is Wells Fargo (WFC US):
