Viewpoint: Bullish
The second AMP Hybrid issued in the series was launched with a 4.5% margin over the 90 day bank bill and is considered a higher risk, higher yield offer. First call date on this security is the 16th December 2025.
We are also fully invested in our MM Global Macro ETF Portfolio with a cash position of just 5%, however this portfolio is slightly different in it’s construct. It aims to showcase our 10 best macro views with actionable ways to play those views through ETFs listed around the world.
In calendar year 2020, the MM International Equities Portfolio returned 16.54% before brokerage, the main winner being The Trade Desk (TTD US) which rallied 161% for the 12 months followed by Apple (AAPL US) which was up by 65%. US bank Wells Fargo (WFC US) was the weakest link down 46% over the period while Bank of America (BAC US) also struggled, down 30%, a tough year for banks around the world and the US was not exception, although we’re seeing tangible signs that things are improving for the sector.
The CNEW holds 120 growth companies in the likes of IT, healthcare and consumer discretionary sectors hence by definition to a degree you are backing the issuer to select the correct companies. This ASX traded ETF has a market cap of almost $170m and yields close to 1.4% pa……we believe it will outperform the QQQ in 2021 and for that reason we are considering selling our long Nasdaq ETF and re-allocating capital into Asian domiciled growth stocks.
MSFT made fresh all-time highs overnight taking our paper profit to over 40%. The software giant said that second quarter sales rose by 17% which beat even the most optimistic analyst expectation. The move by corporates into the cloud to facilitate more flexible work arrangements the key.
The “Buy now pay later (BNPL)” space has been a major interest for many subscribers which is understandable considering the sectors major volatility, at this point in time we continue to back our holding in Z1P believing some value catch up is likely over the weeks / months ahead, the maths is simple:
1 – Afterpay Ltd (APT) has a market cap of $41bn compared to Z1P’s at $4bn i.e. 10x larger.
2 – Afterpay (APT) only transacts 2.5x more than Z1P.
This is a quality growth stock that has strong earnings momentum. More broadly, the market has now pulled back into our 6500 targeted range and we’re stepping up and increasing our weighting to the market. We view this as a moderate risk stock and our initial plan is to hold over the medium term.
This is a quality growth stock that has strong earnings momentum. More broadly, the market has now pulled back into our 6500 targeted range and we’re stepping up and adding this new holding to the Growth Portfolio with a 3% portfolio weighting. We view this as a moderate risk stock and our initial plan is to hold over the medium term.
IOOF (IFL) is a financial services company operating in Australia. The Company’s services include personal superannuation, allocated pension services, employee superannuation retirement services and investment services.
