After a year of unprecedented challenges from the coronavirus (COVID-19) spread around the world and large swings in investor sentiment globally, the March 2021 quarter was noteworthy for renewed hope and optimism as the global COVID-19 case rate decreased and viable COVID vaccines began to be rolled out worldwide with bio-medical companies scaling-up production to meet demand.
Volumes in the Vanguard Global Value Equity Active ETF (VVLU) are on the rise coinciding with the re-opening of global economies, positive GDP growth and prospects of a reflation trade.
The latest figures from the Australian Bureau of Statistics (ABS) have confirmed a big ramp-up in exploration expenditure which is translating into a record amount of drilling.
As a sustained economic recovery starts, we look at two LICs: Tribeca Global Natural Resources (TGF), a well-rounded commodities portfolio; and WAM Leaders (WLE), their 6.9% Financials weight may benefit from a steeping yield curve.