Reference Portfolio · Updated
Global ETFs
ETF-based non-US exposure — regional rotation, thematic tilt, FX-aware positioning.
Thesis
Global ETFs implements the non-US allocation of the Closelook Reference framework through liquid ETF vehicles. The portfolio is coarser than Global Tech 50 — it buys regional exposure (Europe, Japan, EM, frontier) rather than specific franchises — but that's the point: an ETF sleeve's job is to express regime and rotation calls, not name-picking.
Core rotation between DM-ex-US (EZU, EWJ), EM (EEM, VWO), and thematic tilts (ARTY for AI-non-US, KWEB for China-tech) is informed by Temperature readings, cointegration stretches in cross-asset pairs, and DXY trajectory. When the dollar is structurally weak and EM cross-asset pairs are healthy, EM exposure rises; when DXY breaks higher, the sleeve rotates toward DM-ex-US with better FX-buffers.
FX overlays (hedged vs. unhedged share classes, currency ETFs when needed) are part of the position-level decisions, not an afterthought.
Structure
- Equities17
17 equity positions . Benchmark: FTSE All-World ex-US (VEU).
Composition
17 positions grouped by segment. All values in USD (Barchart-converted). Snapshot from May 1, 2026.
Equities (USD)
| Symbol | Name | Units | Mkt Value | Cost Basis | Unrealized | % Unr | Realized | % Rlz | % Port |
|---|---|---|---|---|---|---|---|---|---|
| SMHX | Vaneck Fabless Semiconductor ETF | 600.22 | 30,569.17 | 16,215.70 | 14,353.47 | +88.52% | 0.00 | +0.00% | 10.77% |
| EEM | Emerging Markets Ishares MSCI ETF | 404.17 | 25,862.94 | 22,683.00 | 3,179.94 | +14.02% | 0.00 | +0.00% | 9.12% |
| ARTY | Ishares Robotics and Artificial Intelligence ETF | 300 | 18,582.00 | 14,938.00 | 3,644.00 | +24.39% | 0.00 | +0.00% | 6.55% |
| QTOP | Ishares Nasdaq Top 30 Stocks ETF | 503.10 | 17,699.18 | 12,563.00 | 5,136.18 | +40.88% | 0.00 | +0.00% | 6.24% |
| XMMO | Russell Midcap Pure Growth Port PS | 110.73 | 17,698.09 | 14,275.40 | 3,422.69 | +23.98% | 0.00 | +0.00% | 6.24% |
| EMEQ | Macquarie Focused Emerging Markets Equity ETF | 300 | 16,833.00 | 16,327.00 | 506.00 | +3.10% | 0.00 | +0.00% | 5.93% |
| QQQ | Nasdaq QQQ ETF | 25.00 | 16,693.50 | 16,540.25 | 153.25 | +0.93% | 0.00 | +0.00% | 5.88% |
| ASEA | G-X FTSE Asean 40 ETF | 828.88 | 16,196.40 | 14,041.00 | 2,155.40 | +15.35% | 0.00 | +0.00% | 5.71% |
| VEU | FTSE All-World Ex-US ETF Vanguard | 200.31 | 16,208.71 | 15,099.00 | 1,109.71 | +7.35% | 0.00 | +0.00% | 5.71% |
| TOPT | Ishares Trust Ishares Top 20 U.S. Stocks ETF | 502.92 | 16,138.82 | 12,243.00 | 3,895.82 | +31.82% | 0.00 | +0.00% | 5.69% |
| VSS | FTSE All-World Ex-US Smcp Idx ETF Vanguard | 100 | 15,809.00 | 15,679.00 | 130.00 | +0.83% | 0.00 | +0.00% | 5.57% |
| ILF | Latin America 40 Ishares ETF | 400 | 14,576.00 | 14,505.00 | 71.00 | +0.49% | 0.00 | +0.00% | 5.14% |
| IBIT | Ishares Bitcion ETF | 330 | 14,295.60 | 12,234.96 | 2,060.64 | +16.84% | 0.00 | +0.00% | 5.04% |
| VPL | Pacific ETF FTSE Vanguard | 125 | 13,411.25 | 13,303.50 | 107.75 | +0.81% | 0.00 | +0.00% | 4.73% |
| GLD | Gold SPDR | 30.00 | 12,709.80 | 12,172.00 | 537.80 | +4.42% | 0.00 | +0.00% | 4.48% |
| REMX | Rare Earth/Strategic Metals Vaneck ETF | 100 | 10,543.00 | 8,971.00 | 1,572.00 | +17.52% | 0.00 | +0.00% | 3.72% |
| INDA | India MSCI Ishares ETF | 200 | 9,884.00 | 10,927.50 | -1,043.50 | -9.55% | 0.00 | +0.00% | 3.48% |
| TOTAL | — | — | 283,710.46 | 242,718.31 | 40,992.15 | +16.89% | — | — | 100.00% |
Summary
| Group | Mkt Value | Cost Basis | Unrealized | % Unr | Realized | % Rlz | % Port |
|---|---|---|---|---|---|---|---|
| Equities (USD) | 283,710.46 | 242,718.31 | 40,992.15 | +16.89% | — | — | 100.00% |
| TOTAL (USD) | 283,710.46 | 242,718.31 | 40,992.15 | +16.89% | 7,011.72 | — | — |
Related
Beyond the snapshot
Closelook.money adds the live layer
The composition above is the end-of-day snapshot. Closelook.money adds what sits between snapshots: the historical move log with Thomas' reasoning per trade, per-holding performance attribution, per-portfolio real-time alerts when a position changes, and CSV export for analysis.
- Full historical moves log with per-trade reasoning
- Per-holding attribution — which position drives the return
- Real-time alerts on opens, closes, and ≥10% size changes
- CSV export of current composition
Methodology & disclaimer
Global ETFs is a reference portfolio — it reflects how Thomas Look, author and publisher of Closelook, implements the analytical theses discussed on this site. Position data is updated daily from end-of-day broker exports (Barchart). Benchmark prices come from EODHD.
Reference portfolio, educational purpose only. ETF-based non-US rotation.
Reference portfolio, not investment advice. Past performance is not indicative of future results. Closelook Venture GmbH is a publishing company and does not manage client capital.