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Global Macro ETF Portfolio

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

About the Global Macro ETF Portfolio

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
Portfolio1 M3 M6 M1 Y3 Y paInception pa*
Global Macro ETF-0.24%7.19%20.17%28.87%-14.81%
Target 10%0.83%2.50%5.00%10.00%-10.00%
Difference-1.07%+4.69%+15.17%+18.87%-+4.81%
* Inception date 03/07/2019
Portfolio Holdings trade now
COMPANY CODESTOCK NAMEWEIGHT (%)RISKTIME HORIZONENTRY DATEENTRY PRICE ($)LAST PRICE ($)DIVIDENDS ($)GAIN / LOSS (%)
AUDSBetaShares Strong Australian D10HighMedium03/07/201911.7611.021.163.57
BNKSBetaShares Global Banks ETF -10ModerateMedium25/10/20196.656.50.07-1.2
DBA USInvesco DB Agriculture Fund (USD)6ModerateMedium25/02/202015.6217.2910.69
ETPMAGETFS Metal Securities Australi10ModerateMedium12/08/202032.1330.67-4.54
IEMiShares MSCI Emerging Markets10ModerateShort25/10/201963.2370.072.2414.36
QQQ USInvesco QQQ Trust Series 1 (USD)10ModerateMedium22/09/2020270340.60.5626.36
VGK USVanguard FTSE Europe ETF (USD)10ModerateMedium11/11/202058.0565.290.3813.13
VXX USiPath Series B S&P 500 VIX Sho (USD)5ModerateShort8/04/202110.7710.09-6.31
Portfolio cash position: 29%
Recent Sales trade now
Company codeSTOCK NAMEWEIGHT(%)RISKTIME HORIZONENTRY DATEENTRY PRICE ($)CLOSE PRICE ($)DIVIDENDS ($)GAIN / LOSS (%)
FUELBetashares Global Energy Compa10HighMedium22/04/20203.254.250.1334.77
COPX USGlobal X Copper Miners ETF (USD)10ModerateShort10/03/202117.7336.390.45107.78
TBF USProShares Short 20+ Year Treas (USD)10ModerateMedium10/03/202117.5617.650.040.74
SVXY USProShares Short VIX Short Term10HighShort3/12/202030.1941.1636.34
SLVP USiShares MSCI Global Silver Miners5ModerateMedium28/05/202011.3512.010.197.49
QQQ US Invesco QQQ Trust Series 15ModerateMedium22/05/2020204.89228.8711.70
GDXVaneck Vectors Gold Miners7.5ModerateMedium25/02/202035.8446.720.2331.00
SH USProShares Short S&P5008HighMedium25/02/202026.4423.990.2-8.51
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Opinions for positions held in the Global Macro ETF Portfolio

Defensive stocks are looking interesting

MM is a long term buyer and believer in equities but as active investors we are comfortable at times moving aggressively overweight both individual stocks, sectors and cash itself.

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NASDAQ

MM has been calling the US tech based NASDAQ index to scale the 14,000 region for months before the risk / reward would favour de-risking.

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Invesco QQQ Trust (QQQ US) $US340.60

MM has been watching our long NASDAW position via the QQQ for the last month looking for an ideal area to lock in some profit, our target above $US340 has now been reached and it’s a matter of time before we take some profit.

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Overseas Markets & Indices

US tech has finally listened to MM and punched towards the 14,000 area following it’s sharp 12% correction from Februarys high as US bond yields accelerated higher.

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NASDAQ

Tech has led from the front as MM flagged a few weeks ago however most importantly at the time we also called the NASDAQ to correct after posting fresh all-time highs, the latter is now very close.

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Volatility

Another week and another low in volatility as the market embraces a glass half full mentality.

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Silver ($US/oz) $25.22

Silver is also looking very constructive here and potentially poised for a ~20% rally, we might see a flight to more defensive assets as we move towards the traditionally weak period for equities going into May.

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Australian Dollar 76.23c

Not a lot of new news for the $A this week as it tracks back to the bottom of our targeted trading range which sits between 76c – 81c, hence by definition we are bullish short-term on the local currency which coincides with our bearish $US view.

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Actions for positions held in the Global Macro ETF Portfolio

BNKS
UPDATED 15/04/2021 12:43
MM is targeting a decent correction by global banks
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QQQ US
UPDATED 15/04/2021 12:42
MM can see US tech failing from the current 14,000 area
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QQQ US
UPDATED 14/04/2021 12:39
MM can see US tech failing into fresh all-time highs
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QQQ US
UPDATED 14/04/2021 12:32
MM’s ideal scenario remains the NASDAQ fails above the 14,000 area
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BNKS
UPDATED 14/04/2021 11:18
MM is looking to cut our BNKS position into current strength
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QQQ US
UPDATED 14/04/2021 11:16
MM is looking to take profit on our QQQ position into current strength
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AUDS
UPDATED 13/04/2021 11:20
MM remains bullish the $A.
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QQQ US
UPDATED 12/04/2021 16:36
MM has now become more neutral the NASDAQ around all time highs
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AUDS
UPDATED 12/04/2021 16:35
MM remains mildly bullish the Australian Dollar.
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ETPMAG
UPDATED 12/04/2021 16:34
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