Global Macro ETF Portfolio

For those looking to invest in our top macro calls via ETFs

9.80% Returns pa since inception to 31-03-22

About the Portfolio

The Market Matters Global Macro ETF Portfolio is designed to track our top 10 global macro calls, and provide avenues to trade them via ASX and internationally listed Exchange Traded Funds (ETF’s)

**Portfolio Performance** UPDATED 01/05/2022 09:00
Portfolio	1 M	3 M	6 M	1 Y	2 Y pa	Inception pa*
Global Macro ETF	-3.78%	-1.45%	-1.24%	-3.04%	11.37%	7.25%
Target 10%	0.83%	2.50%	5.00%	10.00%	10.00%	10.00%
Difference	-4.61%	-3.95%	-6.24%	-13.04%	+1.37%	-2.75%

* Inception date 03/07/2019

**Portfolio Holdings** 20 MINUTES DELAYED trade now
COMPANY CODE	STOCK NAME	WEIGHT (%)	RISK	TIME HORIZON	ENTRY DATE	ENTRY PRICE ($)	LAST PRICE ($)	DIVIDEND ($)	GAIN / LOSS (%)
ACDC	ETFS Battery Tech & Lithium ETF	10	High	Medium	06/10/2021	90.36	0.00		-100.00
ASIA	BetaShares Asia Technology Tigers ETF	10	High	Medium	16/07/2021	10.92	0.00		-100.00
AUDS	BetaShares Strong Australian Dollar ETF	10	High	Medium	03/07/2019	11.76	0.00	1.65	-85.97
DBA US	Invesco DB Agriculture Fund (USD)	10	Moderate	Medium	25/02/2020	16.74	20.70		23.66
IEM	iShares MSCI Emerging Markets ETF	10	Moderate	Long	25/10/2019	63.23	0.00	2.73	-95.68
MNRS	BetaShares Global Gold Miners ETF	10	Moderate	Medium	05/05/2021	6.55	0.00	0.24	-96.34
NDQ	BetaShares Nasdaq 100 ETF	10	High	Medium	24/03/2022	30.82	0.00		-100.00
U-U CN	Sprott Physical Uranium Trust (CAD)	10	High	Medium	25/11/2021	14.94	0.00		-100.00
ULE US	ProShares Ultra Euro Short (USD)	10	High	Medium	13/09/2021	14.48	11.06		-23.62
VGK US	Vanguard FTSE Europe ETF (USD)	10	Moderate	Medium	11/11/2020	58.05	53.28	1.69	-5.31

**Recent Sales** UPDATED 02/03/2022 17:00 trade now
Company code	STOCK NAME	WEIGHT(%)	RISK	TIME HORIZON	EXIT DATE	ENTRY PRICE ($)	CLOSE PRICE ($)	DIVIDENDS ($)	GAIN / LOSS (%)
FUEL	BetaShares Global Energy Companies ETF	10	Moderate	Medium	2/03/2022	4.23	5.57	0.1	34.04
TBF US	Proshares Short 20+ Year Treasury ETF (USD)	10	Moderate	Medium	12/01/2021	16.34	16.51		1.04
VXX US	iPath Series B S&P 500 VIX Sho (USD)	10	Moderate	Short	8/09/2021	40.61	26.04		-35.88
ETPMAG	ETFS Metal Securities Australi	10	Moderate	Medium	8/09/2021	32.13	31		-3.52
BBUS	BetaShares US Equities Strong	10	High	Medium	8/09/2021	11.1	9.45		-14.86
ATEC	BetaShares S&P/ASX Australian	10	Moderate	Medium	8/09/2021	22.1	25	0.67	16.15
QQQ US	Invesco QQQ Trust Series 1 (USD)	10	Moderate	Medium	05/05/2021	270	330.14	0.56	23.26
BNKS	BetaShares Global Banks ETF -	10	Moderate	Medium	7/04/2021	6.65	6.64	0.07	0.9
FUEL	Betashares Global Energy Compa	10	High	Medium	44293	3.25	4.25	0.13	34.77
COPX US	Global X Copper Miners ETF (USD)	10	Moderate	Short	10/03/2021	17.73	36.39	0.45	107.78
TBF US	ProShares Short 20+ Year Treas (USD)	10	Moderate	Medium	10/03/2021	17.56	17.65	0.04	0.74
SVXY US	ProShares Short VIX Short Term	10	High	Short	3/12/2020	30.19	41.16		36.34
SLVP US	iShares MSCI Global Silver Miners	5	Moderate	Medium	28/05/2020	11.35	12.01	0.19	7.49
QQQ US	Invesco QQQ Trust Series 1	5	Moderate	Medium	22/05/2020	204.89	228.87		11.70
GDX	Vaneck Vectors Gold Miners	7.5	Moderate	Medium	25/02/2020	35.84	46.72	0.23	31.00
SH US	ProShares Short S&P500	8	High	Medium	25/02/2020	26.44	23.99	0.2	-8.51

OPINION
ACTION

Opinions for positions held in the Global Macro ETF Portfolio

29/06/2022 09:33

Global Macro ETF Portfolio

The MM Global Macro ETF Portfolio added +1.43% last week with the Nasdaq ETF (NDQ) +5.76% & Asian Tech (ASIA) +3.6% offering most support while the Invesco Agricultural Fund (DBA US) lagged falling -3.7%.

27/06/2022 08:57

AUDUSD

No change, the Australian Dollar has drifted lower from its February 2021 high, the longer it can hover around the 70c area the better it feels considering the intensifying recession fears but for now the next few cents, either way, feels like a coin toss.

22/06/2022 09:33

BetaShares NASDAQ 100 ETF (NDQ) $26.23

As we’ve discussed earlier MM is looking for US tech to bounce from current levels although they have fallen further than we anticipated, countertrend bounces tend to be hard, short and sharp hence if we see this recovery MM will be looking to be proactive.

20/06/2022 09:09

AUDUSD

The Australian Dollar has drifted lower from its February 2021 high, the longer it can hover around the 70c area the better it feels considering the intensifying recession fears but for now the next few cents, either way, feels like a coin toss.

15/06/2022 09:35

Global Macro ETF Portfolio

The MM Global Macro ETF Portfolio slipped -4.2% last week with MM’s exposure to agriculture via the (DBA US) +2.7% and Asian Tech (ASIA) +0.8% our best performers while our positions in the Uranium Trust (U-U-CN) -13.3% and the Australian Dollar (AUDS) weighed on performance.

08/06/2022 09:30

Global Macro ETF Portfolio

The MM Global Macro ETF Portfolio added +0.3% last week with our exposure to Uranium (U-U-CN) +10.1% the standout performer while our BetaShares Gold Miners ETF was the main laggard (MNRS US).

01/06/2022 09:58

Global Macro ETF Portfolio

The MM Global Macro ETF Portfolio added +2.1% last week with our exposure to tech via Asian Tech (ASIA) +7.9% and the NASDAQ ETF 100 (NDQ) +6.1% finally leading the line while the Invesco DB Agricultural Fund (DBA) -2.1% was the only position which declined.

30/05/2022 09:11

The Australian Dollar (AUDUSD)

The $A has rallied very strongly over the last few weeks in a positive vote for the “risk on” trade leaving MM bullish looking for another test of the 76c region, another positive read through for stocks.

26/05/2022 08:44

BetaShares Global Gold Miners ETF (MNRS)

This ASX traded ETF is currency hedged and looks to track the Nasdaq Global ex-Australian gold miners making it a good alternative to the better known local stocks. Following its 24% correction we believe the risk / reward towards the MNRS is attractive over the coming few months assuming our view towards bond yields proves on point.

25/05/2022 09:22

Emerging Markets iShares ETF (IEM) $57.32

The IEM ETF has a significant correlation to the $US as well as global equities and if our assessment is accurate and the $US is set to correct and stocks bounce we should see a strong few months for emerging markets stocks sooner rather than later.