Prometheus ETF Portfolio

Weekly Rebalance: 2.7.2025

Welcome to Prometheus ETF Portfolio. The Prometheus ETF Portfolio aims to allow everyday investors to access an investment solution that combines active macro alpha, passive beta, and strict risk control, all in an easy-to-follow, low-turnover solution. We aim to achieve strong risk-adjusted returns relative to cash, with limited capital drawdowns in depth and duration. We do this in a highly accessible package, which rotates between three highly liquid ETFs, readily available to any investor with a brokerage account.

Let’s dive into our observations.

• Market Monitor: Over the last week, macro markets rose in aggregate, with stocks rising, commodities rising, treasuries rising, and gold rising. Over the last week, markets have moved to incrementally price in a rising inflation environment. More broadly, our market regime monitors show a dominant market regime probability of falling growth, rising inflation, and rising liquidity.

• Economic Data Monitor: Economic data momentum rose, driven by construction, PMIs, and employment data. Over the last week, Manufacturers New Orders was the data release from which macro markets took the most signal, with stocks rising, bonds rising, and commodities rising.

• Asset Class Signals: Signal strength has shifted adequately across assets to bias the portfolio towards nominal growth exposures.

• ETF Portfolio Updates: Over the last week, Over the last week, the Prometheus ETF Portfolio was up by 0.65%. The contributions to these portfolio returns were as follows: -0.1% from stocks, 0.2% from commodities, 0.55% from bonds, and 0% from cash.