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Monthly ETF Allocation

Feb. 29, 2024
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Wiko Steyn
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Wiko Steyn

ETF Update 1

 

Inflation came in red hot again.  The Dollar hit parity with the Euro. We had another eventful week of macro events. On Wednesday the CPI of the USA printed another 40-year-old record at 9.1%. This will force the federal reserve to stay the course and continue on the path of demand destruction by increasing interest rates and quantitative tightening. 

For the first time in two decades, we are back to 1$ = 1E. The general sentiment is that we are heading for a global recession but there is consensus that the US will recover faster and Europe might have a long drawn-out recession. This is one of the driving factors for the strong dollar and for now, it is still seen as the dominant world currency.

Portfolio Update Summary

We have made our monthly allocations to our ETF portfolio. We decided to double the allocation to our 5 favourite ETFs which are shown below.

ACWF - iShares Edge MSCI Multifactor Global ETF

IVV - iShares Core S&P 500 ETF

QQQ - Invesco QQQ ETF

SMH - VanEck Vectors Semiconductor ETF

VIG - Vanguard Dividend Appreciation ETF


 


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