which Turnbull bought in July last year.
VGT’s top five holdings are Apple, Google,
Microsoft, Facebook, and IBM. jurisdiction is the Cayman Islands,
because…reasons. There’s no public
information on what it holds.
Then there’s the iShares iBoxx $ High Yield
Corporate Bond ETF.
This Fund pays dividends of around US$0.40
every month or so.
It has bonds from a variety of big
corporations. Interestingly, most are from the
US communications services market. There were a number of others on the list,
which Turnbull got rid of after he was elected
in 2013.
Those included iShares JPMorgan USD
Emer Mkt Bnd Fd ETF and iShares MSCI
Brazil Index (ETF)
There’s also the Deutsche X-trackers MSCI
Japan Hedged Eq
This fund tracks the MSCI Japan US Dollar
Hedged Index. It provides exposure to
Japanese equities, plus a hedge for the yen/US
dollar exchange rate. Its top holdings include
Toyota, Mitsubishi and Honda.
The takeaway from this? Malcolm Turnbull
likes ETFs. Which, like he said, can be kind
of boring. But Turnbull has also bought in to
a number of actively managed funds.
For example, there’s the 3G Natural
Resources Offshore Fund. This Fund is run by
multi-billion-dollar global firm 3G Capital.
3G is based in Brazil. The Fund’s nominated
In other words, a significant amount of
exposure to emerging markets.
In July this year, he added Morgan Stanley
Emerging Markets Domestic Debt Fund,
Inc. But EDD isn’t looking for growth.
It looks for government debt securities
(bonds) in emerging countries. So really, it’s
just another fixed income pick.”
This is not just how it works in Australia, or
in the US with the FDA for example, but this
is the signature of power all over the world in
its modern form.
http://themindunleashed.com/2017/03/australian-
prime-minister-wife-tied-pharma-pushing-
mandatory-vaccination.html