Kessler: Currency war a once in a generation opportunity

Kessler: Currency war a once in a generation opportunity. Central bank actions around the world appear to be focused on attempts to stimulate their individual economies and fend off deflation. Australia has been a latecomer to this strategy resulting in an overvalued currency as the major economic blocks engage in a currency war, or race to the bottom. Our strategy has been to ensure we have sufficient exposure to non-Australian dollar assets and earnings streams to take advantage of a once-in-a-generation opportunity to monetise global wealth. In other words - we have used our overvalued Australian dollars to buy non-Australian dollar stocks like Resmed, Fox, CSL and US dollar Beta shares. We are also focused on finding investments in the non-mining commodity-based exporters including the educational, agricultural and tourism industries. (Paywall) (VIEW LINK)


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