The author outlines long positions in semiconductor, space, and gold miners/natural resources ETFs, and watchlist views on energy and defense ETFs.
SMGB.L — LONG The author is invested in SMGB because semiconductor-related companies such as TSMC, AMD, ASML and Micron have performed well and the ETF seems to be continuing to benefit from the AI boom, which he links to Nvidia's earlier rally. He expects the AI-driven semiconductor demand to keep supporting the fund.
It seems to have continued doing well owing to AI boom. Companies like TSMC, AMD, ASML, Micron have done well.
JEDG.L — LONG The author is invested in JEDG because the space sector is seeing a lot of activity, including potential SpaceX IPO, ASTS and RKLB growth, and SpaceX clearance for more satellites. He believes increasing geopolitical risk will drive demand for geospatial data and information space activity. He is unsure about short-term momentum but thinks the medium-term outlook is not bad.
I think with the increasing geo-political risk, the need to have more geospatial data and information space activity will only grow. I'm not sure if it will keep rallying the way it has in the short term, but I think medium term outlook isn't bad.
ENGW.L — WATCH The author is watching ENGW because it is seeing increased activity on higher oil demand. He thinks the US/Russia deadlock is likely to push these energy companies to increase oil production, while Venezuela adds volatility. He expects energy demand to keep rising, including from compute power.
ENGW is seeing increased activity due to increased demand for oil now. ENGW likely more volatile depending on how the Venezuela situation plays out, but I think given the deadlock between US / Russia is likely to push these companies to increase oil production. Energy needs aren't going away anywhere in the near term. If anything demand for more compute is only going to push it up.
DFNG.L — WATCH The author is watching DFNG because it is usually an all-weather stock and is currently seeing an uptick due to geopolitical instability. He does not give a specific catalyst beyond that instability but sees it as a defensive/uptrend candidate.
DFNG is usually an all-weather stock. It's seeing an uptick now due to geopolitical instability.