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

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%.

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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.

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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.

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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.

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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.

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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).

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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.

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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.

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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.

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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.

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Actions for positions held in the Global Macro ETF Portfolio

AUDS
UPDATED 28/06/2022 12:53
MM is neutral the Aussie short-term
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NDQ
UPDATED 22/06/2022 17:16
MM is looking to close out our NDQ position around 28.50
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AUDS
UPDATED 20/06/2022 09:57
MM is neutral the Aussie short-term
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AUDS
UPDATED 31/05/2022 07:51
MM is bullish the $A
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MNRS
UPDATED 26/05/2022 08:43
MM is long and bullish the MNRS ETF
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IEM
UPDATED 25/05/2022 17:04
MM is looking to cut our IEM position ~10-15% higher
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ACDC
UPDATED 23/05/2022 08:26
MM believes Australian ESG stocks will outperform over the coming weeks
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DBA US
UPDATED 19/05/2022 18:05
MM likes the DBA ETF under $21.50
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ULE US
UPDATED 18/05/2022 19:02
MM is looking to cut our ULE position ~10% higher
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AUDS
UPDATED 16/05/2022 16:52
MM is now neutral the $A
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